The Open Network (TON), previously associated with Telegram, faced a sharp decline in market capitalization after revising its previously reported token supply data. The correction revealed that the actual supply was significantly lower than initially reported, leading to a recalibration of the token's value. This adjustment has raised questions about transparency and data accuracy within the TON project, shaking investor confidence and leading to a steep price drop. The incident highlights the critical importance of reliable data in maintaining investor trust and stability in cryptocurrency valuations. Read more at Decrypt
TON’s Market Cap Takes Hit After Correcting Inflated Supply Data
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