TON ( Toncoin ) fell 20.40% in 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap data, as of the time of writing, TON (Toncoin) is currently priced at $2.16, with a fall of 20.40% in the last 24 hours, reaching a high of $2.88 and a low of $1.82. The 24-hour volume is $800 million. The current market capitalization is approximately $5.45 billion, a decrease of about $1.397 billion compared to yesterday.

The Open Network (TON) is a fast, secure, and scalable blockchain and network project capable of processing millions of transactions per second, friendly to both users and service providers. Our goal is to enable it to support all reasonably proposed and envisioned applications. People can think of TON as a huge distributed supercomputer, or more precisely, a gigantic super server designed to host and provide various services.

Important news about TON recently:

1️⃣ CoinShares launches a altcoin ETF that includes TON The digital asset management company CoinShares International has launched a cryptocurrency exchange-traded fund called "DIME" in the U.S. market. This ETF uses an equal-weight investment strategy, with an initial portfolio that includes 10 cryptocurrencies, including TON (Toncoin). This move provides traditional investors with a more convenient channel for investing in TON, which is expected to increase TON's market exposure and liquidity.

2️⃣ TON ranks alongside other mainstream altcoins In the newly launched DIME ETF, TON is listed alongside well-known projects such as Solana, Polkadot, and Cardano, demonstrating its significant position in the cryptocurrency market. This recognition may enhance investors' confidence in the long-term development prospects of the TON project.

3️⃣ Institutional-level investment tools or impact on TON price trends As part of the DIME ETF investment portfolio, TON may be influenced by the increased allocation from institutional investors. With the buying or redemption of ETF shares, the market demand for TON may experience corresponding fluctuations, thereby affecting its price performance.

Despite the inclusion of TON in the new ETF products, the coin price has still experienced a significant fall in the short term. This may be due to the overall sentiment in the cryptocurrency market, or the investors' reaction to the new ETF products has not yet fully reflected in the prices. Investors should closely monitor the performance of TON in the ETF and its potential impact on the market.

This message does not constitute investment advice, and investors should be aware of market volatility risks.