Toncoin, a cryptocurrency linked to the popular messaging app Telegram, was featured in numerous news pieces recently. Notable developments include Libre's issuance of a
$500M tokenized bond fund for real-world assets through Telegram's TON and a
$400M fundraising event potentially leading to a 60% price pump for TON. There's been a significant surge in
whale activity as well, pushing the coin up by 111%. However, there have been concerns due to a drop in active addresses, hinting at possible price dips ahead.The appointment of Maximilian Crown, Co-founder of MoonPay, as CEO of
TON Foundation was another major event. Several venture capital firms invested $400M into
TON’s blockchain, alluding to palpable confidence in the technology. Amid these developments, the user count for Toncoin has reportedly exploded. However, the Total Value Locked (TVL) appears to be dropping, posing a problem that needs addressing.TON will also connect to Tether's
USDt ecosystem using LayerZero integration to improve cross-chain functionality and liquidity. Meanwhile, some suggest that Toncoin’s price might begin a distribution phase, potentially leading to a parabolic rally beyond $8.25.
Telegram founder, Pavel Durov returning to Dubai amid ongoing investigations sparked significant market activity. There’s speculation that this event might trigger a TON price rally. Yet, there are concerns as Notcoin and Toncoin suffered substantial drops following Durov's arrest.Finally, with
Telegram making TON its only accepted crypto for app services and connecting with cross-chain bridge LayerZero, the cryptocurrency is gaining notable attention and is poised to impact DeFi and mainstream adoption.
TON Coin News Analytics from Sat, 22 Jun 2024 07:00:00 GMT to Wed, 07 May 2025 19:00:48 GMT -
Rating 6
- Innovation 7
- Information 3
- Rumor -3
