
The cryptocurrency market has been abuzz with news concerning Toncoin. Verb Technology has successfully raised $558M, a move designed to enhance their TON strategy and notably boost their Toncoin treasury. This fundraising effort has led to a significant rebranding. The company's focus on Toncoin as a primary treasury model is a first in the sector, making TON Strategy Co. the inaugural publicly traded Toncoin treasury firm.
\nMeanwhile, the price of Toncoin has shown significant volatility, testing critical support levels and experiencing large investment inflows from whales. The coin's price shows a make-or-break position at the $2.66 mark, after a trendline break, it hit a pivotal zone sparking speculation about a potential deal. However, despite a 7.6% dip, the coin's robust on-chain activity and Raising futures demand have led to a spike in the coin's value.
\nToncoin has also gained significant traction in the corporate sector's treasury management, with further plans for the launch of a $400 million TON treasury. The coin has witnessed broad-based ecosystem growth, outperformed Bitcoin and Ethereum in recent rallies and aimed for price milestones. The blockchain integration with Telegram for 87M U.S. users indicating a new era in crypto payroll solutions. Conversely, there were also reports that Toncoin might face further losses as its 50-day EMA support weakens.
\nDespite Uncertainties, bullish momentum is fueled by whale activity, a sign of its potential as an innovative conversion medium. This innovative intermediate phase, however, still sees large firms like Verb Technology and TON Strategy Co. building substantial crypto treasuries with the Telegram token, signaling a paradigm shift in treasury management for businesses.
Toncoin News Analytics from Mon, 07 Jul 2025 07:00:00 GMT to Wed, 06 Aug 2025 22:00:54 GMT - Rating 6 - Innovation 8 - Information 3 - Rumor 5