Toncoin faces price drop and volume decline ahead of $49M token unlock amid weak market sentiment

Toncoin's price and trading volume have sharply declined as it approaches a $49.37 million token unlock scheduled for April 23, which could increase supply pressure. Despite a recent network upgrade that improved performance significantly, market confidence remains low, with technical indicators signaling bearish momentum. The token unlock, intended to reward long-term supporters, coincides with fragile market conditions, raising risks of further price drops potentially back to February lows. Investors should watch key support levels for possible consolidation or breakdown.