Toncoin is pushing forward with an ambitious plan to accelerate adoption, combining institutional backing and mass user access.
The TON Foundation has joined forces with Kingsway Capital to establish a $400 million treasury, a move designed to strengthen the network’s financial footing while signaling confidence from major U.S. venture firms. Unlike a traditional fundraising round, this initiative aims to lay the groundwork for long-term ecosystem development.
This strategic boost coincides with Telegram’s launch of its native TON Wallet to millions of U.S. users, expanding Toncoin’s presence at the retail level. The simultaneous targeting of both institutional investors and everyday users could create a powerful growth loop if momentum holds.
Despite these developments, the market response has been muted. Toncoin is trading around $3.17 after a slight recovery, hovering below resistance at $3.30. With volume dropping by nearly 20%, short-term traders remain cautious. Still, technical indicators such as MACD and RSI suggest potential for renewed movement if buying interest returns.
Looking toward the end of the year, projections vary. While some see a possible retracement toward $2.35, others argue that if current efforts gain traction, the token could rebound significantly—offering both risk and opportunity as Toncoin enters its next phase.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/toncoin-sets-stage-for-expansion-with-400m-institutional-treasury-and-telegram-wallet-rollout/