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Toncoin (TON) Slides 7% to $3.37 Despite Verb Tech’s $558M Treasury Bet
Toncoin (TON) Slides 7% to $3.37 Despite Verb Tech’s $558M Treasury Bet
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) surprised markets with a 7.02% decline to $3.37 on August 4, 2025, countering bullish sentiment following Verb Technology's groundbreaking $558 million treasury allocation to the asset. The Las Vegas-based company's private placement drew 110 investors, including prominent firms Kingsway Capital and Vy Capital, marking the first public company to adopt Toncoin as a reserve asset.
Despite Verb's announcement to rebrand as TON Strategy Co. and dedicate most proceeds to TON accumulation, the price drop underscores crypto markets' complex dynamics where macroeconomic pressures or profit-taking can overshadow fundamental developments. The deal is set to close by August 7, potentially making Verb one of TON's largest holders.
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