Toncoin hits weekly low despite inking a $20M partnership with three GameFi firms

Toncoin (TON), is the native cryptocurrency of Telegram’s decentralized layer-1 blockchain, The Open Network (TON), has fallen to a weekly low of $6.85, reflecting a significant decline of nearly 10% over the past week. This downturn has been fueled by increased selling pressure and a rising demand for short positions among traders overshadowing the positive developments

Source: Invezz