Toncoin (TON) has dropped to $1.70, its lowest price since September 2023, as the cryptocurrency market experiences a broader decline. Despite Coinbase's recent announcement to begin trading TON, the token fell 2.7% in the past 24 hours. As of 11:50 Moscow time, TON was trading at approximately $1.79, with a market capitalization of $4.4 billion. The cryptocurrency has seen a 17% decrease over the past month and a nearly 70% drop since the beginning of 2025.