According to market data, on August 4th, The Open Network (TON) cryptocurrency price experienced significant fluctuations. This volatility appears to be related to a major investment decision by the US-listed company Verb Technology. Verb Technology announced it would invest $558 million to establish the TON treasury, and this news temporarily boosted the price of TON.

In the initial reaction, the TON price surged by about 3%, reaching a high of $3.648 at one point. However, this upward trend did not last long. Subsequently, the market saw a noticeable correction, with the TON price dropping by about 5%.

As of the time of reporting, the trading price of TON has fallen to around $3.455. This rapid rise and fall reflects the high volatility of the encryption market, while also highlighting the immediate impact of significant investment news on the prices of digital assets.

Although Verb Technology's investment decision has brought positive signals to the TON ecosystem, the market's short-term reaction indicates that investors are cautious about the long-term impact of this news. Cryptocurrency enthusiasts and investors are closely monitoring TON's subsequent performance to assess how this substantial investment will influence its future development trajectory.