Why did the price of TON go up?
Toncoin (TON) increased by 3.10% in the last 24 hours, outperforming the overall crypto market, which rose 2.68%. This growth is linked to strong institutional buying and positive momentum within the Toncoin ecosystem.
- Institutional treasury buildup – Verb Technology raised $558 million to build a Toncoin treasury, which helps reduce selling pressure.
- Coinbase Ventures backing – Coinbase Ventures publicly confirmed their TON holdings, boosting confidence in the coin.
- Ecosystem liquidity surge – Toncoin’s 24-hour trading volume jumped 31% to $142 million, showing increased demand.
Deep Dive
1. Institutional Accumulation (Positive Sign)
Overview: Verb Technology recently raised $558 million in private funding to create a Toncoin treasury, similar to how MicroStrategy built its Bitcoin reserves. This follows the TON Foundation’s partnership with Kingsway Capital, which raised $400 million for the same purpose.
What this means: Large treasury purchases reduce the number of coins available for trading and signal strong institutional confidence. Similar moves in the past, like MicroStrategy’s Bitcoin strategy, have helped stabilize prices by encouraging long-term holding.
What to watch: Progress toward TON Strategy Co.’s goal to hold about 5% of Toncoin’s total supply (around 257 million tokens).
2. Exchange & Custody Updates (Mixed Effects)
Overview: Toncoin became available for trading on Robinhood and Gemini this month, and Ledger added support for staking TON. However, Binance recently shut down over 600 accounts that were exploiting bots (on October 19), which briefly unsettled the market.
What this means: Wider availability on regulated platforms makes it easier for everyday investors to buy Toncoin, but sudden actions by exchanges can cause short-term price swings. The Binance incident had little lasting effect, showing strong support for TON.
3. Technical Strength at Key Price Level
Overview: Toncoin has consistently held the $2.20–$2.30 support range, tested three times since September 2025, with the Relative Strength Index (RSI) bouncing back from oversold levels.
What this means: This price stability suggests long-term holders are accumulating TON. If the price breaks above $2.40 and holds, it could spark momentum toward $2.60, a resistance level seen in August 2025.
Conclusion
Toncoin’s recent rise is driven by strategic buying from institutions and better market access for investors. However, with the top holders controlling 68% of the supply, price swings remain a possibility. Key event to watch: The TON Foundation’s ecosystem update in November 2025, expected to reveal plans for integrating Telegram ad revenue.
What could affect the price of TON?
Toncoin is navigating a mix of strong institutional interest and risks from large holders, often called whales.
- Treasury Expansion – Over $400 million in initiatives aim to lock up supply and attract traditional financial investors (Bloomberg).
- Whale Dominance – Large holders control 68% of the supply, which could lead to price swings if they decide to sell (CoinMarketCap).
- Telegram Integration – With over 1 billion users, Telegram’s wallet access could boost adoption, but it depends on how actively people use it.
Deep Dive
1. Treasury Growth & Institutional Adoption (Positive Outlook)
Overview:
TON Strategy Co. (formerly Verb Technology) has raised $558 million to buy Toncoin, following a strategy similar to MicroStrategy’s Bitcoin investments. Along with Kingsway Capital’s $400 million treasury plan, these efforts aim to buy about 5% of Toncoin’s total supply. This reduces the amount available to sell and creates a regulated way for institutions to invest.
What this means:
This focused buying could help stabilize Toncoin’s price and encourage others to follow. However, success depends on continued investment and Telegram’s ability to keep growing its user base, which currently exceeds 1 billion monthly active users.
2. Whale Supply Concentration (Potential Risk)
Overview:
Whales hold 68% of Toncoin’s supply, but only 9% of holders are currently making a profit at the price of $2.25. The recent price support between $2.70 and $2.80 is at risk of breaking, which could lead to a sharp sell-off.
What this means:
Because whales control so much of the supply, their selling could cause significant price drops. If the price falls below $2.70, it might target levels near $1.90. However, technical indicators like the Relative Strength Index (RSI) suggest the price may stabilize soon.
3. Telegram’s Ecosystem Integration (Mixed Outlook)
Overview:
Toncoin powers Telegram’s in-app payments, NFTs, and decentralized finance (DeFi) features. While Telegram has over 155 million accounts, daily active users and transaction volumes have been low since the initial excitement in Q2.
What this means:
For Toncoin to grow, Telegram needs to convert its large user base into active users of Toncoin. If successful, this could increase demand for staking (which offers a 0.6% annual yield) and transaction fees. If not, Toncoin might remain mostly a speculative asset.
Conclusion
Toncoin’s price is influenced by a balance between institutional buying, whale-driven risks, and how well Telegram can integrate Toncoin into its platform. In the short term, watch the $2.70 price support and how quickly the treasury invests. Over the long term, Telegram’s success in turning its user base into Toncoin users will be key. Will TON Strategy Co.’s buying offset whale selling, or is a supply glut unavoidable?
What are people saying about TON?
Toncoin’s connection with Telegram is generating excitement, but risks from large holders (whales) remain, and traders are watching closely for a breakout above $3.50. Here’s the latest:
- Optimism around Telegram’s 1 billion users is driving price targets between $5 and $18 🚀
- Whales control 68% of Toncoin’s supply, raising concerns about price swings 🐋
- Critical price point at $3.39 could lead to a breakout or a drop ⚔️
- TONX stock is trading below its net asset value (NAV), sparking talk of a “free money” opportunity 💰
In-Depth Analysis
1. Telegram Integration Boosts Toncoin (Positive Outlook)
@CobakOfficial reports:
"Toncoin surged 24% in a month, reaching $3.61, thanks to key developments pointing to a strong future."
– @CobakOfficial (183K followers · 12.7K impressions · Aug 2, 2025)
See original post
What this means: Toncoin stands to benefit from Telegram’s massive user base of over 1 billion people, which could lead to real-world use cases like payments and Web3 services.
2. Large Holders Dominate Supply, Raising Concerns (Caution Advised)
According to CoinMarketCap:
"Whales hold 68% of Toncoin’s supply, while long-term holders have less than 20%. This concentration raises worries about price stability, especially since the price is 65% below its all-time high."
– CoinMarketCap Community Post (27.6K views · June 27, 2025)
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What this means: When a few large holders control most of the supply, there’s a higher risk they could sell large amounts, causing price drops during market downturns.
3. Key Technical Level at $3.39 Could Decide Toncoin’s Next Move (Neutral)
@ali_charts notes:
"Toncoin is trading within a rising wedge pattern just below $3.39 resistance. A clear breakout could push the price to $4.30, but failure might lead to a retest of $2.60."
– @ali_charts (478K followers · 89.2K impressions · Sept 2, 2025)
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What this means: The price could go either way. From the current $2.25 level, there’s about a 15% chance of going up and a 23% chance of dropping.
4. TONX Stock Trading Below Net Asset Value Sparks Interest (Positive)
@gabrelyanov highlights:
"TONX holds $571 million in Toncoin and cash but is trading below its $9.40 net asset value, suggesting it might be undervalued given Telegram’s crypto plans."
– @gabrelyanov (42K followers · 315K impressions · Sept 16, 2025)
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What this means: This could be a buying opportunity, as the market might not fully recognize TONX’s potential tied to Telegram’s crypto ambitions.
Summary
Opinions on Toncoin are mixed. On one hand, Telegram’s integration offers a unique chance for widespread adoption, given its 900 million+ monthly active users. On the other hand, the fact that whales control 68% of the supply could lead to increased price swings during market changes. Keep an eye on the $3.39 resistance level and the gap between TONX’s stock price and its net asset value for clues about institutional interest. With overall crypto sentiment leaning toward fear (CoinMarketCap Index at 30), Toncoin’s ability to stay above $2.80 support will be key to its medium-term outlook.
What is the latest news about TON?
Toncoin is gaining momentum thanks to big institutional support and important upgrades to its ecosystem. Here’s the latest:
- Coinbase Ventures Becomes a Holder (September 10, 2025) – A major venture capital firm backs Toncoin as it expands to platforms like Gemini and Robinhood.
- $780 Million Institutional Treasury Launch (September 17, 2025) – Partnership with Kingsway Capital aims to stabilize Toncoin’s supply and encourage wider use.
- Jetton 2.0 & AWS Integration (September 10, 2025) – Faster token transfers and advanced blockchain analytics powered by Amazon Web Services (AWS).
In-Depth Look
1. Coinbase Ventures Becomes a Holder (September 10, 2025)
What happened: The TON Foundation announced that Coinbase Ventures, a well-known investment arm of the Coinbase exchange, now holds Toncoin. This adds to other big investors like Sequoia and Ribbit Capital. The exact amount they own hasn’t been shared.
Why it matters: This is a strong vote of confidence in Toncoin’s goal to bring cryptocurrency to Telegram’s massive user base of over 1 billion people. Coinbase Ventures’ involvement could attract more institutional investors and speed up development. However, it’s worth noting that a large portion of Toncoin (68%) is held by a few big holders, which can lead to price swings.
(TON Foundation)
2. $780 Million Institutional Treasury Launch (September 17, 2025)
What happened: TON Foundation teamed up with Kingsway Capital to raise $558 million through a private sale. This money was used to buy 5% of all Toncoin tokens, totaling $713 million in tokens plus $67 million in cash. The plan is to stake these tokens, which means locking them up to reduce how many are available on the market, and to fund payment tools built directly into Telegram.
Why it matters: This strategy is similar to what MicroStrategy did with Bitcoin — buying and holding large amounts to stabilize the price and build trust with traditional financial investors. The success of this approach depends on delivering useful features, like low-cost payments inside Telegram.
(Toknex)
3. Jetton 2.0 & AWS Integration (September 10, 2025)
What happened: TON launched Jetton 2.0, an upgrade that makes token transfers three times faster. At the same time, Amazon Web Services (AWS) added TON blockchain data to its analytics tools, making it easier for developers and businesses to work with TON. Meanwhile, trading of memecoins on TON jumped 113% month-over-month to $84.5 million.
Why it matters: These technical improvements help TON handle more users and transactions, which is crucial for wider adoption. AWS’s involvement could encourage more developers to build on TON. However, the surge in memecoin trading raises questions about how sustainable this growth is, since memecoins can be highly speculative.
(Gabrelyanov)
Conclusion
Toncoin is making strides toward gaining respect from big investors and improving its technology, all while leveraging Telegram’s huge user base. Partnerships and treasury moves show positive momentum, but risks remain due to the concentration of tokens in a few hands and reliance on memecoin trading. The key question is whether Toncoin’s upgrades will lead to lasting use beyond just speculative buying and selling.
What is expected in the development of TON?
Toncoin is making important progress with these key updates:
- Jetton 2.0 Upgrade (Q4 2025) – Token transfers will be three times faster thanks to a more efficient system.
- TON-Ethereum Bridge Phase-Out (Q4 2025) – The old bridge will be replaced by LayerZero technology for smoother cross-chain transactions.
- Institutional Treasury Expansion (Q4 2025) – A $558 million private investment aims to buy about 5% of Toncoin’s circulating supply.
In-Depth Look
1. Jetton 2.0 Upgrade (Q4 2025)
What’s happening:
Jetton 2.0, announced in September 2025 (Gabrelyanov), will make transferring TON-based tokens three times faster. This is done by improving how transactions are verified on the blockchain and adjusting transaction fees. This upgrade is especially important for popular token types like memecoins and decentralized finance (DeFi) apps, which currently see about $84.5 million in monthly trading volume, growing rapidly.
Why it matters:
Faster transactions can attract more developers and users, particularly in areas like gaming and small online payments where speed is crucial. However, there could be challenges if too many users try to transact at once, potentially causing network slowdowns.
2. TON-Ethereum Bridge Phase-Out (Q4 2025)
What’s happening:
The original bridge connecting TON and Ethereum, which was essential before 2023, will be shut down. Instead, TON will use new partnerships with LayerZero and Symbiosis to handle cross-chain transfers (Cryptotimes). Historically, over 101 million TON tokens were moved using the old bridge, but the new solutions focus on better scalability and lower fees.
Why it matters:
In the short term, some users might find the transition inconvenient, which could slow activity. But in the long run, these modern tools should make moving tokens between blockchains smoother and cheaper, improving the overall DeFi experience.
3. Institutional Treasury Expansion (Q4 2025)
What’s happening:
TON Strategy Co., supported by Kingsway Capital, is raising $558 million to buy roughly 5% of the Toncoin tokens currently in circulation (Toknex). This approach is similar to what MicroStrategy did with Bitcoin, aiming to keep prices stable and support the growth of the Toncoin ecosystem.
Why it matters:
This move could help stabilize Toncoin’s price and encourage more institutional investors to get involved. On the downside, since large holders already control about 68% of the supply, this could lead to concerns about too much control being concentrated in a few hands, which might affect market liquidity.
Conclusion
Toncoin’s upcoming plans combine technical improvements (Jetton 2.0), updating its infrastructure (phasing out the old bridge), and attracting big investors ($558 million treasury). These efforts could strengthen Toncoin’s role in payments and decentralized finance. However, the project still faces challenges like heavy concentration of token ownership and regulatory questions related to its connection with Telegram. The big question remains: can Toncoin’s mix of retail and institutional strategies help it outpace competitors like Solana in the race to build Web3 messaging platforms?
What updates are there in the TON code base?
Toncoin’s latest updates focus on making the network faster, safer, and easier for developers to build on.
- FunC Language Overhaul (September 12, 2025) – Simplified smart contract coding to attract more developers.
- Jetton 2.0 Protocol (September 10, 2025) – Token transfers are now three times faster thanks to an improved token standard.
- TVM Vulnerability Patch (July 21, 2025) – Fixed a serious security issue that could cause system crashes.
Deep Dive
1. FunC Language Overhaul (September 12, 2025)
What happened:
The FunC programming language, used for writing smart contracts on TON, was upgraded to be easier and more straightforward. This makes it more accessible compared to Ethereum’s Solidity language.
Why it matters:
Simplifying the coding process lowers the barrier for developers to create apps on TON. This can lead to more projects launching faster, encouraging innovation within the Toncoin ecosystem. (Source)
2. Jetton 2.0 Protocol (September 10, 2025)
What happened:
The Jetton token standard was updated to allow token transfers to happen three times faster and with lower transaction fees.
Why it matters:
Faster and cheaper transactions improve the user experience. However, the full benefits depend on how many projects switch to this new standard. This update is a positive step but adoption will take time. (Source)
3. TVM Vulnerability Patch (July 21, 2025)
What happened:
A critical security flaw in the TON Virtual Machine (TVM) was fixed. This flaw could have allowed attackers to crash network nodes by using malicious smart contracts.
Why it matters:
Fixing this vulnerability makes the network more secure and reliable. This is especially important for Telegram’s large user base, which depends on TON for decentralized applications. (Source)
Conclusion
Toncoin’s recent improvements highlight key areas: making development easier, speeding up transactions, and strengthening security. These updates are essential for growing TON’s ecosystem, especially as it integrates with Telegram. The big question now is whether Jetton 2.0’s faster transfers will spark more activity in areas like memecoins or decentralized finance (DeFi) on TON.