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Toncoin Plunges 9% After $3 Rally—Can Telegram’s 800M Users Save It?

2025-07-07 16:05:09

Toncoin Plunges 9% After $3 Rally—Can Telegram’s 800M Users Save It?

Main Idea

Toncoin (TON) experienced a 9% price drop after a rally to $3.06, driven by bearish pressure despite growth in DeFi and Telegram integration, with key support levels and market indicators now being monitored.

Key Points

1. Toncoin (TON) plunged 9% to $2.78 after a rally to $3.06, with bearish pressure overwhelming buyers despite $148M in DeFi growth.

2. TON's integration with Telegram includes TON Space, a non-custodial crypto wallet now available in the U.S., and a $500M fund for tokenizing real-world assets (RWAs) in partnership with Libre.

3. DeFi activity on TON is rising, with TVL reaching $148.77M, driven by projects like STON.fi and EVAA, and Telegram trading bots accounting for 25% of on-chain transactions.

4. TON's developers have introduced upgrades like TON Factory to handle increasing demand, and developer engagement is accelerating with initiatives like the Tact smart contract challenge.

5. Despite price fluctuations, TON's fundamentals remain strong, with daily network income reaching $17.39M and the ecosystem generating $2.5M in revenue as of July 2025.

Description

Toncoin (TON) plunged 9% to $2.78 after a sharp rally to $3.06 reversed, as bearish pressure overwhelmed buyers despite $148M in DeFi growth. The pullback follows a brief surge driven by Telegram’s adoption and institutional interest. Now, with the MACD and RSI turning bearish, traders are eyeing $2.70 as the next key support level. Telegram’s 800M Users Fuel TON Adoption TON’s biggest advantage is its deep integration with Telegram, the messaging app with over 800 million active users, where it...

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Price Analysis Telegram TON
$LINK
$15.354
+6.73%
$ENA
$0.3516
+20.82%
$TON
$2.9377
+2.44%

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