Key Insights
Toncoin is the sole crypto in the top 30 cryptocurrencies by market cap today.
TON saw a 5% net growth today with an 80% increase in trading volume.
Last week, it raised $400 million to drive the adoption of its crypto.
TON is one of the fastest blockchains with 100k TPS.
Toncoin has seen a major boost in its price which rose 5% today beating nearly all of the top 30 cryptocurrencies. The rally in TON succeeded despite a bearish mood in the wider markets.
Most of the top cryptocurrencies today have been losing their support price levels with the largest losers being Ethereum, XRP, Dogecoin, Cardano, and Stellar.
TON Gains 5% Today, Beats Top 30 Coins
CoinMarketCap
Among them, the rally in TON is nothing less than a surprise as less relevant altcoins suffer more than top ones during market corrections.
However, in the case of TON, its price has jumped 60% from the lows of $2.4 and was trading at $4 at press time. Over the last 30 days, TON has not only managed to cover its losses but also gained 13% further.
TON Last 1 Month Price Trend
CoinMarketCap
The jump in TON coin is nothing short of a miracle because the price rise was supported by a 80% jump in daily trading volumes, an indicator of real market action, not pump and dump.
In the crypto and stock markets, a price rally supported by a corresponding increase in trading volumes are seen as a mark of an upcoming rally much larger than the current one.
TON had raised $400 million last week from several venture capital firms like Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage.
The amount was raised to drive TON's adoption. The blockchain was initially created by Telegram (as Telegram Open Network) but was later separated from it and launched as an independent body called, The Open Foundation and the blockchain was renamed as The Open Network.
Yes, it is and the data below explains how TON is fundamentally stronger than many other Layer-1 chains.
Despite having a robust and efficient blockchain, the TON ecosystem is not as centralized as other fast blockchains like XRPL which has just 35 trusted validators. On the other hand, TON has 400 validators that make its network sufficiently decentralized without risking its security or scalability. Therefore, it could be considered as a blockchain that has solved the Blockchain Trilemma.
Further, there is a decent increase in TON wallet holders that rose from 10 million last year to 147 million this week.
Toncoin has seen a decent rally from its last support of $2.5, gaining almost 60% in the last three weeks. This rally broke a previous downtrend in TON which had started in December 2024 and lasted till the first week of March 2025. The fall was in tandem with the market and was caused due to the US Dollar liquidity crisis.
TON 1D Price Charts
Tradingview
The momentum of TON's price seems high as RSI has been in an uptrend since the last three weeks when TON pivoted. If this momentum goes ahead without break (most likely), it can help TON recover $8.3 ATH (calculated on a 1D candle closing basis).
On the downside, TON has a very strong support at $2.5 and is unlikely to fall below these levels.
Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.