Toncoin shows strength when the market cools down: What is the reason?

Toncoin (TON) drew attention last week thanks to its impressive surge, despite the overall correction trend of the crypto market.

In the context of most of the market undergoing a correction, Toncoin stands out with a strong increase of 17% from the bottom to the peak over the week. This trend shows that the coin is "out of sync" with the profit-taking trend that is dominating the entire crypto market.

Notably, the current upward trend of Toncoin is not a short-term phenomenon, but rather a continuation of the positive trend that began to emerge in mid-June. Compared to leading names like Bitcoin – which started its upward cycle at the beginning of the month – Toncoin is creating its own identity thanks to a stable upward momentum and less volatility.

Recently, the price of Toncoin has risen to $3.7, reaching the resistance level that was established back in May before slightly retreating to around $3.5 at the time this article was written.

Daily chart of TON/USDT | Source: TradingViewAlthough a significant uptrend has been recorded, Toncoin has not yet fallen into the overbought zone – according to technical analysis. However, the Money Flow Indicator (MFI) is starting to show signs of weakening cash flow, as some investors take the opportunity to lock in profits after the rapid price increase.

The inflow of funds into Toncoin has reached a multi-month peak

The impressive rally of Toncoin over the past week was fueled by a significant influx of capital into the spot market. Specifically, on July 31, the net capital flow in the spot segment reached +13.35 million USD – the highest level since the beginning of 2025, indicating investors' confidence in the recovery of this token.

Outflow/inflow of Toncoin | Source: Coinglass

At the same time, data from the derivatives market also recorded a continuous increase in trading volume over the past 4 weeks. This reflects a growing interest in Toncoin, but it also means that there is a potential for stronger fluctuations in the short term – as speculative activity significantly increases.

Notably, the total open contract value (OI) of Toncoin has surpassed 384 million USD in just the last 24 hours, setting an all-time high record. Although the liquidation rate is currently low, this could quickly change if the market enters a correction phase.

TON draws attention to the development of the ecosystem, reigniting interest.

The strong price increase of Toncoin is not a temporary phenomenon, but reflects the systematic and long-term development strategy of the TON ecosystem.

One of the driving forces that draw attention back is the orientation towards sustainable development, focusing on natural growth rather than chasing short-term trends.

Earlier, the TON ecosystem recorded a boom in 2024, mainly due to the "play-to-earn" gaming wave. However, as this trend cooled down, the activity on the network also gradually stagnated.

Recently, TON announced plans to intensify investments in promising areas such as payments, artificial intelligence (AI), simple decentralized finance (DeFi), GameFi, and the integrated economy within Telegram. This information has ignited expectations for a new growth cycle, similar to the peak phase in 2024.

Each time network activity surges, the demand for Toncoin skyrockets — and that could be part of the reason behind the current impressive increase.

Recently, the TON Foundation announced an important strategic move by partnering with Kingsway Capital to establish a specialized treasury company for Toncoin.

According to the official announcement, this initiative aims to make Toncoin a key reserve asset, thereby strengthening the stability of the entire TON ecosystem and drawing attention from large institutions. This strategy is inspired by the investment model of Strategy company with Bitcoin – which was once seen as a major boost in the industry.

The positive developments mentioned above partly explain the sudden increase in demand for Toncoin, while also helping to reduce selling pressure in the crypto market.

The price trend also shows that most investors are still holding on, reflecting their confidence in the potential for continued growth in the coming weeks or months.

In addition, an important factor keeping selling pressure low is that Toncoin is currently trading at a significant discount – down by 57% from the peak set in June 2024. This further reinforces the belief that Toncoin still has a lot of room for price increases in the near future.

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