What is expected in the development of TON?
Toncoin’s development is moving forward with these key milestones:
- Stable Swap Launch (Q4 2025) – Partnering with Curve Finance to offer low-slippage stablecoin swaps.
- TON Teleport BTC Testnet (2025) – Testing wrapped Bitcoin (tgBTC) on TON for cross-chain transfers.
- TON Wallet Expansion (2025) – Bringing self-custody wallet features to over 100 million Telegram users.
- $400M Treasury Initiative (Ongoing) – Building institutional support through a partnership with Kingsway Capital.
Deep Dive
1. Stable Swap Launch (Q4 2025)
Overview:
The TON Foundation is teaming up with Curve Finance to create a new platform for swapping stablecoins with minimal price changes, called a Constant Function Market Maker (CFMM). This builds on a $5 million incentive program encouraging liquidity providers to support TON’s DeFi platforms like STON.fi and DeDust.
What this means:
This is good news for Toncoin because it boosts decentralized finance (DeFi) options and attracts stablecoin users. However, it faces competition from existing decentralized exchanges (DEXs) and depends on how well partners deliver on their promises.
2. TON Teleport BTC Testnet (2025)
Overview:
A test network is live for minting tgBTC, which is Bitcoin wrapped to work on the TON blockchain. This allows Bitcoin to move across different blockchains. It fits into TON’s larger plan to connect Bitcoin and Ethereum-compatible chains using technologies like LayerZero and Symbiosis.
What this means:
This could be a positive step, positioning TON as a bridge between major blockchain ecosystems. But success depends on passing security checks and gaining acceptance from the Bitcoin community.
3. TON Wallet Expansion (2025)
Overview:
The TON Wallet, integrated into Telegram, currently serves 87 million U.S. users. Plans include adding features like staking, NFT viewing, and Apple/Google Pay support, aiming for 100 million wallets by the end of 2025 (CoinMarketCap).
What this means:
This is promising for adoption because it makes it easy for Telegram’s massive user base (over 1 billion worldwide) to use Toncoin. Still, regulatory challenges around identity verification and anti-money laundering rules could pose risks.
4. $400M Treasury Initiative (Ongoing)
Overview:
The TON Foundation and Kingsway Capital are building a $400 million treasury to buy Toncoin, targeting about 5% of the total supply. This follows a $558 million private sale involving over 110 institutions (Toknex).
What this means:
This could help stabilize Toncoin’s price by reducing the amount available on the market and bringing in institutional investors. On the downside, some may worry this leads to too much control in the hands of a few.
Conclusion
Toncoin’s roadmap combines technical improvements like cross-chain capabilities and DeFi tools with efforts to grow its user base through Telegram and institutional partnerships. While collaborations with Curve Finance and Bitcoin integration show strong ambition, challenges remain around execution and regulation. The success of the Stable Swap launch and tgBTC adoption in late 2025 will be key to watch as Toncoin competes with platforms like Ethereum and Solana.
What updates are there in the TON code base?
Toncoin’s latest updates focus on making transactions faster, improving decentralized finance (DeFi) features, and enhancing tools for developers.
- Jetton 2.0 Launch (September 10, 2025) – Faster token transfers and better token standards.
- Stable Swap Integration (September 4, 2025) – Lower price changes when swapping stablecoins.
- AWS Blockchain Data Support (September 10, 2025) – Better data tools for developers.
Deep Dive
1. Jetton 2.0 Launch (September 10, 2025)
What it is: Jetton 2.0 is an upgrade to TON’s token system that makes token transfers up to three times faster. It does this by improving how smart contracts run and handling multiple transactions at once. It also lowers the fees needed to process these transactions.
Why it matters: Faster and cheaper transactions make Toncoin more attractive for developers and users, especially for apps connected to Telegram, like games or micropayment services. (Source)
2. Stable Swap Integration (September 4, 2025)
What it is: TON teamed up with Curve Finance to add a “Stable Swap” feature. This technology helps reduce the price differences (called slippage) when exchanging stablecoins like USDT for Toncoin. It also adjusts fees based on how much liquidity is available and works with TON’s DeFi platforms such as STON.fi. There’s a 5 million TON incentive to encourage users to add liquidity.
Why it matters: This could increase the use of Toncoin in DeFi by making stablecoin trading smoother and cheaper. However, its success depends on how many users provide liquidity. (Source)
3. AWS Blockchain Data Support (September 10, 2025)
What it is: Amazon Web Services (AWS) has added TON to its Public Blockchain Dataset. This means developers can easily access detailed historical data about transactions, wallet activity, and smart contracts using AWS’s tools.
Why it matters: This makes it easier for businesses and developers to build on TON, potentially speeding up adoption by larger companies and improving the overall ecosystem. (Source)
Conclusion
Toncoin’s recent improvements focus on making transactions faster and cheaper, boosting DeFi features, and providing better tools for developers. These updates support TON’s plan to grow by leveraging Telegram’s large user base. The big question is whether deeper integration with Telegram will spark a new wave of innovative TON-based apps.
Why did the price of TON fall?
Toncoin (TON) dropped 1.4% to $3.21 over the past 24 hours, underperforming the overall crypto market, which fell 0.68%. Here are the main reasons:
- Technical Setback – TON couldn’t hold the $3.24 support level, which is an important technical point known as the 61.8% Fibonacci retracement.
- Whale Influence – Large holders, or “whales,” control 68% of TON’s supply, which can lead to bigger price swings.
- Market Caution – The crypto fear/greed index is neutral at 52, and trading volume for alternative coins dropped 24%.
In-Depth Analysis
1. Technical Resistance and Profit-Taking (Bearish Effect)
TON hit resistance at $3.30, where many wallets (about 1.21 million) hold a large amount of TON tokens (740 million) (SentoraHQ). The MACD indicator, which measures momentum, turned negative, showing that the recent upward trend is weakening after a 3.8% gain over the week.
What this means: Short-term traders likely sold some of their holdings near this resistance level to lock in profits. This was made worse by lower trading volume, which fell 13% to $153 million in 24 hours. The $3.21 level now acts as a key support point. If TON falls below this, it could drop further to around $3.12.
2. Whale Supply Concentration (Mixed Impact)
More than 68% of TON’s total supply is held by wallets owning 10,000 or more tokens (CoinMarketCap Community).
What this means: Large holders can help stabilize the price, but if they decide to sell quickly, it can cause sharp price changes. Recently, open interest in TON derivatives dropped by 18%, indicating that institutional investors might be reducing their exposure.
3. Overall Crypto Market Sentiment (Neutral Impact)
The total cryptocurrency market cap fell by 0.68%, while Bitcoin’s dominance increased to 56.9%. TON’s 24-hour loss of 1.4% was worse than Ethereum’s (-0.5%) and Solana’s (-0.9%).
What this means: Investors are shifting toward safer assets due to global uncertainties and warnings from the U.S. Securities and Exchange Commission (SEC) Chair about risks related to including crypto in retirement plans like 401(k)s (Weex).
Conclusion
TON’s recent price drop is mainly due to traders taking profits and a cautious market environment, with large holders playing a significant role in liquidity and price movement. The $3.21 support level is important to watch. The 7-day Relative Strength Index (RSI) at 65.87 suggests the price might stabilize before making its next move.
What to watch: TON Station’s Telegram-based gamification platform, which has over 1 million users, could help create steady demand despite broader market challenges. Keep an eye on the $3.12 to $3.21 price range for signs that buyers are stepping in.
What could affect the price of TON?
Toncoin’s price depends largely on how Telegram’s platform grows, big investors’ actions, and key technical price movements.
- Telegram Integration – With 87 million U.S. users now able to use the TON Wallet, adoption is increasing (positive sign).
- $558M Treasury Plan – Verb Tech’s buying could reduce the available supply of Toncoin (mixed impact).
- Whale Control – Large holders own 68% of Toncoin, which could lead to price swings (negative sign).
Deep Dive
1. Telegram’s Ecosystem Expansion (Positive Impact)
Overview: As of July 2025, Telegram has rolled out the TON Wallet to 87 million users in the U.S., allowing them to buy and stake Toncoin directly within the app. Since Telegram has over 1 billion users worldwide, this could significantly boost Toncoin’s use. Partnerships with companies like AWS and Coinbase Ventures add credibility to the platform (Gabrelyanov).
What this means: Making Toncoin easy to access through a popular app like Telegram could increase demand steadily. Similar cases, like Ethereum’s growth with MetaMask, show that when more people use a platform, the token’s value often rises.
2. Whale-Driven Volatility (Negative Impact)
Overview: According to CoinMarketCap, 68% of Toncoin’s total supply is held by a small number of large investors, known as whales. Recently, whale holdings increased by 42% (AMBCrypto), but less than 20% is owned by long-term holders, indicating a lot of speculative trading.
What this means: When a few big players control most of the supply, it can lead to sudden price drops if they decide to sell. If the price falls below $3.10—a key support level held by many wallets—it could trigger a wave of selling. On the other hand, if whales keep buying, it might help stabilize prices.
3. Technical Breakout Potential (Mixed Impact)
Overview: Toncoin’s price is currently moving within a pattern called a symmetrical triangle, with resistance at $3.77 and support at $3.10. If the price breaks above $3.77, it could rise to between $4.40 and $5.50. If it fails, the price might fall to $2.78 (Ali Charts).
What this means: This pattern suggests Toncoin is at a critical point where the price could move sharply in either direction. Trading volume in derivatives has increased by 54%, signaling potential volatility. However, only 9% of retail investors are currently profitable, which may limit upward momentum.
Conclusion
Toncoin’s future depends on how well Telegram can turn its large user base into active Toncoin users and how whale investors manage their holdings. While growth in the Telegram ecosystem and interest from institutional players like Verb Tech support Toncoin’s price, the heavy concentration of supply and technical resistance levels create challenges in the near term. Will TON’s adoption through Telegram’s U.S. wallets overcome selling pressure from whales? Watch the $3.10 to $3.77 price range closely for signs of where the price is headed.
What are people saying about TON?
Toncoin’s connection with Telegram is generating excitement, but big holders controlling most of the coins and uncertain price support make traders cautious. Here’s the key info:
- Whales own 68% of TON – this could lead to big price swings.
- Important $3.24 support level – defended by 1.21 million wallets.
- Telegram Wallet now available in the U.S. – could boost adoption.
- Rising wedge chart pattern – a major price move is likely soon.
Deep Dive
1. @ali_charts: Big Holders Create Volatility Concerns 🐋 Bearish
“Whales hold 68% of TON’s supply, and less than 20% of holders are long-term investors. This concentration could lead to sudden selloffs.”
– @ali_charts (3.2M followers · 12.7K impressions · 2025-06-27 01:43 UTC)
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What this means: When a few large holders control most of the coins, the price can swing dramatically, especially since Toncoin has already dropped 65% from its highest price in 2024.
2. @ton_blockchain: U.S. Wallet Launch Drives Adoption Hopes 📱 Bullish
“TON Wallet is now live for 87 million U.S. Telegram users, allowing them to buy, stake, and trade TON directly within the app.”
– @ton_blockchain (2.8M followers · 48K impressions · 2025-08-21 08:37 UTC)
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What this means: Giving Telegram’s huge U.S. user base easy access to TON could increase real-world use, although actual adoption numbers are still low.
3. @CobakOfficial: Technical Analysis Points to Key Moment 📉 Mixed
“TON is trading within a rising wedge pattern below $3.50 resistance. If it breaks above, expect a rally to $4.30; if it fails, a drop toward $2.60 is likely.”
– @CobakOfficial (890K followers · 6.1K impressions · 2025-08-02 19:00 UTC)
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What this means: The price pattern shows uncertainty. The $3.24 level is crucial support. A strong move above $3.50 could signal a bullish trend.
Conclusion
Opinions on Toncoin are mixed. Its ties to Telegram offer promising growth potential, but the dominance of large holders and fragile price support call for caution. The recent launch of the U.S. wallet and growing developer interest (like STON.fi’s $9.5 million funding round) are positive signs. However, with whales controlling 68% of the supply and the $3.24 support level being tested, traders should stay alert. Keep an eye on the 14-day RSI (currently 58.91) — staying above 50 without becoming overbought is key for sustained upward momentum.
What is the latest news about TON?
Toncoin is gaining momentum by leveraging Telegram’s huge user base, with new ecosystem developments and institutional support. Here are the key updates:
- $558M Private Placement for Toncoin Treasury (September 13, 2025) – Verb Technology teams up with the TON Foundation to create a treasury company focused on Toncoin.
- Coinbase Ventures Becomes Toncoin Holder (September 10, 2025) – Coinbase Ventures joins other major investors by holding Toncoin, signaling growing institutional interest.
- TON Station Daily Combo Launches (September 12, 2025) – A new Telegram Mini App game rewards users with tokens, boosting engagement.
Deep Dive
1. $558M Private Placement for Toncoin Treasury (September 13, 2025)
What happened:
Verb Technology, now rebranding as TON Strategy Co., raised $558 million from over 110 institutional investors. They plan to create a publicly traded company that holds Toncoin as its main asset. This company will lock up about 5% of all Toncoin in circulation, similar to how MicroStrategy holds Bitcoin, but focused on the Telegram ecosystem.
Why it matters:
This shows strong confidence from big investors and helps reduce the number of Toncoins available for trading, which can support price stability. However, since a few large holders control over 65% of Toncoin, price swings could still happen.
(Toknex)
2. Coinbase Ventures Becomes Toncoin Holder (September 10, 2025)
What happened:
Coinbase Ventures confirmed it owns Toncoin, joining other big names like Sequoia and Benchmark. This news came as Toncoin was listed on popular exchanges Gemini and Robinhood, making it easier for everyday investors to buy.
Why it matters:
Coinbase’s involvement adds credibility to Toncoin, though they haven’t shared how much they invested. More exchange listings improve liquidity, but Toncoin’s price dropped 1.6% this week, reflecting broader market trends.
(Gabrelyanov)
3. TON Station Daily Combo Launches (September 12, 2025)
What happened:
TON Station introduced a new challenge called the Daily Combo, where users solve puzzles on Telegram to earn SOON Points, which can be exchanged for $SOON tokens. Over 1 million users have taken part in similar activities this month.
Why it matters:
This is a positive step for getting more people involved with Toncoin by using Telegram’s massive audience. However, much of the current excitement comes from memecoins in the TON ecosystem, which saw a 113% increase this month, suggesting some of the interest might be driven by short-term speculation.
(Bitrue)
Conclusion
Toncoin’s future depends on balancing big institutional investments and exchange support with steady growth in everyday user adoption through Telegram. While recent developments show progress, the big question is whether Toncoin can turn Telegram’s huge user base into active crypto users beyond just playing games and earning rewards.