TON’s Market Cap Takes Hit After Correcting Inflated Supply Data

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