TON market value drops by $7 billion after fixing fake supply data

The Open Network (TON) informed users in a Telegram message on Wednesday that the data aggregator will track TON token market value in a different way going forward, excluding TON tokens held by Telegram, the foundation, and the TON Believers Fund. According to CoinGecko, with this change taking effect, the market value of TON immediately shrank by more than $7 billion. CoinGecko's latest data shows that TON's current market value is $15.486 billion, ranking 11th in the market.