Ton coin has been attracting more attention this week courtesy of its performance. It maintained an upward trajectory, seemingly decoupling from the rest of the market, which was on an overall downtrend.
Toncoin’s price action pulled off an impressive 17% gain from its weekly low to its weekly high. The coin appeared to be defying the wave of profit-taking that gripped the markets in the last 7 days.
Ton coin’s performance extended the bullish momentum that has been taking place since the second week of June.
This also underscored some differentiation with top coins like Bitcoin, whose bullish momentum kicked off two weeks prior.
The cryptocurrency recently surged as high as $3.7, which retested its May resistance. It was down to $3.5 at press time.
Toncoin was still not overbought despite its latest upside and the recent surge in sell pressure. However, the money flow indicator revealed that some traders were taking profits on the run-up.
Ton coin Spot Inflows Surge to Multi-Month Highs
An aggressive spot inflow surge backed the Toncoin rally in the last 7 days. Spot netflows were in the green by $13.35 million on 31 July, which was the highest daily net inflows observed so far this year.
Derivatives data revealed that volumes were on the rise during the last 4 weeks. Moreover, the coin might be susceptible to volatile movements courtesy of the rising demand for its derivatives.
Ton coin’s open interest rallied past $384 million in the last 24 hours, which was a new all-time high. Despite this, liquidations remained relatively low but that could be subject to change in the coming days.
TON’s Strategic Move Towards Development Reignites Interest
Toncoin’s impressive price action and its recent divergence against overall market direction were not a fluke.
A renewed focus on driving organic growth and development in the TON network were among the key driving factors behind the coin’s renewed interest.
TON previously experienced a surge in network activity in 2024, driven by an explosion of play-to-earn games. However, most of that activity has since cooled down.
The network revealed in a recent blog post that it planned to offering support in favor of developments in key high-growth areas.
They include payments, AI, simplified DeFi, GameFi and Telegram’s in-app economy. The announcement raised optimism in TON’s possible to push for similar levels of network activity as observed in 2024.
Ton coin demand soared the last time the network experienced an aggressive network adoption. There was also another potential reason behind the recent turbocharged price action.
The TON Foundation recently announced a strategic collaboration with Kingsway Capital through which they will create a Toncoin treasury company.
According to the announcement, the move aimed to transform Toncoin into a reserve asset that will stabilize the TON ecosystem and boost institutional engagement.
The strategic move was also modeled after Strategy’s Bitcoin plan. These announcements explained the recent surge in Ton coin demand and the absence of sell pressure.
The cryptocurrency’s performance indicated that holders were unwilling to sell in anticipation of more potential upside in the coming weeks or months.
Another reason for the lack of sell pressure was the fact that Ton coin was still heavily discounted compared to its June 2024 highs. Investors were thus optimistic about its potential upside.
For reference, the cryptocurrency’s press time price tag was equivalent to a 57% discount from its historic top.
Source: https://www.thecoinrepublic.com/2025/08/02/heres-why-ton-coin-rallied-this-week-as-the-the-market-cooled-off/