Toncoin dropped 3.12% to approximately $1.34 after its legacy cross-chain bridge permanently shut down on September 1. The bridge enabled cryptocurrency asset transfers between the TON Mainnet, Ethereum, and BNB Smart Chain. Users holding wrapped tokens on Ethereum or BNB Smart Chain had been advised to convert them back to TON before the deadline. The $1.30 support level is now critical for the price, while the recent peak near $1.50 remains the key resistance to watch.
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