Did Binance’s Changpeng Zhao Just Annihilate TON Crypto Following This Tweet?

In the realm of cryptocurrency, just one tweet or keystroke can result in great wealth or lead to the incineration of millions, if not billions. Within this landscape, Changpeng Zhao, Binance’s co-founder, stands out as a powerful figure. With the decline of TON USD, which has fallen in the crypto market standings and dropped out of the top 30, many of its challenges can be linked to the plummeting prices of Bitcoin, Ethereum, and other strong cryptocurrencies. However, going a level deeper, there could be more at play regarding the Binance founder.

As reported by Coingecko, as of press time, TON has dropped -10% in the last week of trading. Since its peak just under $3.80 in early August, TON USD has faced significant selling pressure. As the price of TON continues to decline, it is consistently erasing previous gains. For context, TON USD is down -50% year-to-date and -17% over the last month alone. Although there is a potential for stabilization, the prevailing selling momentum poses challenges even for optimistic investors.

(Source: Coingecko)

Analyzing the situation on Coinglass, there exists a sense of stability and confidence among TON USDT traders. In spite of the discouraging sell-off, particularly after falling beneath key base level on September 22, the investor sentiment remains largely positive. The long/short ratio, which measures the balance of long and short positions on Binance and OKX, sits above 1. Specifically, on Binance, the long/short ratio among leading traders is 3.3, indicating they anticipate a gradual price recovery in the near to medium term. Additionally, net inflows into TON spot exchanges have been on the rise in recent hours.

(Source: Coinglass)

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TON USD Declines -30%, Breaches Significant Base level at $2.7

Despite a generally bullish outlook among traders, TONCOIN ▼-0.10% candlestick formations tell a different tale. After reaching a peak of $3.7 in early August, the price of TON has seen a significant decrease.

It has fallen nearly -25% from its Q3 2025 highs, and just yesterday, the TON price broke through critical support around $2.5. While TON USDT managed to recover, closing with a long lower wick indicating strong buying activity, continued follow-through is necessary today.

A close above $3 would be optimal. If this occurs, the TON price may recover from the losses experienced on September 22, potentially paving the way for additional gains in the upcoming days.

Nonetheless, the speed of this recovery will hinge on whether other major cryptocurrencies rebound following the sharp decline on September 22. Bitcoin is hovering near the psychological $110,000 threshold, instead of $115,000 or $120,000.

Considering this, the chances of Bitcoin USD revisiting the former level are greater than a surprising surge to $120,000. If Bitcoin drops below $110,000, it may lead to BTC pulling down altcoins, including TON USD, beneath crucial base level thresholds.

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Is Changpeng Zhao Responsible for the TON Crypto Decline?

The troubles of TON USD are linked not only to market-wide macro risks but also to pivotal events such as a tweet from Changpeng Zhao. Among the top 30 cryptocurrencies, HYPE USDT has been the most significant loser over the last day, while SOL USD hasn’t been exempt either.

Moreover, TON finds itself in a precarious position after the Binance founder launched a direct critique aimed at Telegram, the widely-used messaging application by billions. Telegram has a connection to the TON crypto asset.

In response to an inquiry, Zhao expressed his grievances promptly. He asserted that most of the accounts on Telegram are fraudulent and that he himself does not utilize the messaging platform. He clarified, however, that he harbors no animosity toward Telegram, but noted that “anyone can message you if they know your handle,” which ultimately deterred him from using it.

(Source: cz_binance, X)

Zhao mentioned he was inundated with spam to the point where his phone began lagging. While he conveyed his feedback directly to Pavel, the spamming did not cease.

This criticism not only cast a shadow on Telegram but has the potential to add pressure on TON. The TON distributed ledger is essentially an extension of Telegram, conceived after the SEC halted the GRAM project.

Telegram allows users to access integrated wallets and mini-applications for games and DeFi. With over a billion active users on the network, the growth of TON USD is somewhat contingent upon Telegram’s ability to attract users at a rapid pace.

Now that Zhao perceives Telegram as being rife with bots, his comments could diminish trust in the platform that facilitates users’ access to the TON distributed database, thereby impacting the demand for TON USD. Coupled with the timing of the tweet, it could lead to heightened selling pressure on TON, especially if the FEAR, UNCERTAINTY, DOUBT surrounding Telegram escalates.

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The post Did Changpeng Zhao of Binance Just Nuke TON Crypto After This Tweet? appeared first on 99Bitcoins.