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Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder
Nasdaq reprimanded TON Strategy, a major holder of TON, for failing to obtain shareholder approval before issuing stock to finance a $272.7 million purchase.
CD Analytics
Francisco Rodrigues
Sheldon Reback
Nov 3, 2025, 3:34 p.m.
"TON plunges 4.4% to $2.18 amid heavy midday selling and breaks key support levels, though a late bounce hints at temporary stabilization."