Toncoin price drops over 18% amid TON network outages and infrastructure failures

Toncoin (TON) price plunged more than 18% to $1.53 following major infrastructure failures in the TON blockchain network. Recent protocol changes involving sharding caused synchronization issues, leading to network congestion and outages of key applications like the Fuse Mini-App and TON ID. These disruptions have locked users out of decentralized apps and slowed transactions, triggering panic selling by large holders. Developers are working on fixes, but until shard synchronization is restored, market volatility and liquidation risks remain high.