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β‡— TON Coin Stays Resilient Amid Industry Hurdles

TON Coin Stays Resilient Amid Industry Hurdles
Bitget and Foresight Ventures recently purchased $30M TON tokens from whales. Despite the arrest of Telegram CEO, Pavel Durov, TON Coin has been resilient, leading the Meme's alongside GoodEgg (GEGG). The Telegram game 'W-Coin' has also chosen TON for token after players rejected Solana and Ethereum. Its competitor, Bitcoin, suffered a significant price drop while TON Coin held steady despite experiencing a near six-hour outage. To compensate, Binance made a crucial announcement on Toncoin. The USDT issuance on TON chain topped $1billion, causing a significant price rally.

Actions have also been taken to keep things on track with Curve Finance partnering with the TON Foundation for launching Stable Swap on TON Blockchain. A new source of user engagement has been identified in Rexa’s Finance (RXS) and Ripple (XRP), expected to turn $1,000 into $50,000 swiftly. Furthermore, TON made its debut on the Revolut app which could have huge implications for users.

Some Toncoin whales are also contributing to the growth, backing the virtual dating coin. Meanwhile, in Africa Bitget reported that memecoins, P2P and TON have propelled a massive increase in user growth. Finally, an impressive 17 million users have claimed the Dogs airdrop on TON, reaching unprecedented levels of Web3 Engagement.

TON Coin News Analytics from Sun, 25 Aug 2024 07:00:00 GMT to Wed, 18 Sep 2024 22:00:00 GMT - Rating 5 - Innovation 7 - Information 9 - Rumor -2

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TON Coin - News Analyzed: 1,199 - Today: 100 - Last Week: 100 - Last Month: 500