• TON performed better than most of the market as the protocol restarted its blockchain.

• Most major tokens were in the red, including AI tokens which had been riding high on anticipation of strong Nvidia earnings.

Toncoin (TON) has trimmed some of its losses as the blockchain restarted after a nearly five-hour downtime.

Though the downtime was partially blamed on the popularity of the DOGS airdrop, part of the Ton Foundation's way to raise awareness of what it believes is the unjust arrest of Pavel Durov, it wasn't a 'dog day afternoon' for the protocol's native token.

TON trimmed some of its losses throughout the east Asia trading day and is now only less than 1% according to CoinDesk Indices data. In comparison, the CoinDesk 20 (CD20), a measure of the largest and most liquid digital assets, is down over 6.5%. The CD20 is down as a bitcoin (BTC)-led market slide caused over $300 million in crypto futures liquidations, the highest since August 5.

BTC dropped 6%, with ether (ETH), Solana's SOL, Cardano's ADA and dogecoin (DOGE) falling over 5%. Xrp (XRP) showed relative strength with a 3.4% decline, while Tron's TRX was the best performer among majors with a 2% drop.

Ether futures racked up the highest liquidations at $102 million, followed by bitcoin at $96 million and a collection of smaller alternative tokens at $40 million.