Toncoin’s price has surged approximately 30% to $3.56, driven by significant on-chain activity and ecosystem developments. This rally comes alongside a 52% weekly increase in decentralized exchange volumes reaching $82 million and stablecoin inflows pushing the combined market capitalization toward $800 million.
Recent ecosystem announcements have bolstered investor confidence. Binance Wallet launched TON staking features with a $300,000 reward pool, while the TON Foundation and Kingsway Capital revealed a $400 million investment initiative aimed at ecosystem development.
Technical indicators point to sustained bullish momentum, with moving averages establishing support near $3.45. However, the commodity channel index reading of 125.6 suggests possible short-term consolidation should buying volume decline.
Notably, Toncoin demonstrated resilient trading activity despite a minor 1.3% daily price dip. Daily trading volume increased 3.3% to $324.8 million while open interest surged 28% to $13.61 million, signaling continued strong market participation.
Analysts note Toncoin’s strengthened fundamentals through growing DEX usage and stablecoin adoption create favorable conditions, though traders should remain mindful of potential volatility near current price levels.