Toncoin slid to $3.178 on July 23, 2025, down 6.24%, as fresh regulatory scrutiny on Telegram sparked a sell‑off. Multiple jurisdictions have reportedly opened investigations into the messaging platform, intensifying uncertainty around the wider Toncoin network.

The coin’s volatility follows a month of $3–$4 trading with no clear technical support, and bearish sentiment dominates as traders await official updates. If regulators soften their stance or Telegram offers reassurances, a relief rally could emerge; otherwise, further declines may ensue.

source: Traders Union

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