TON Strategy Company (NASDAQ: TONX) has been removed from the S&P Software & Services Select Industry Index after almost five months in the benchmark. TONX now trades around $2.43 — roughly a −63% drop over the past year.
🔝 What happened
⚫️ TON Strategy Company was excluded from the S&P Software & Services Select Industry Index
⚫️ TONX is trading near $2.43, with an annual performance of about −63%
⚫️ In August 2025, Verb Technology Company rebranded into TON Strategy Company and announced a strategy centered on accumulating and holding TON
🔝 Why it matters
⚫️ Being dropped from the index reduces potential support from index-tracking and passive funds
⚫️ The market is clearly pricing the company’s “TON strategy” at a discount — the TON name alone isn’t enough to sustain valuation
⚫️ For TON ecosystem investors, it’s a reminder that corporate wrappers around the token can be even riskier than the underlying asset itself
🤑 TON Insider 🤑