Toncoin (TON) just snapped out of a slumber — and it’s making noise. After weeks of sideways action, the token linked to Telegram has broken cleanly out of a symmetrical triangle, a technical pattern often watched closely by crypto traders. The result? A price surge, skyrocketing volume, and bold new forecasts that have crypto bulls wide awake.
At one point this week, Toncoin hit $3.65 before cooling slightly to $3.32 — still up more than 10% in a day. But price action is only half the story.
Big breakout, bigger volume
The breakout itself wasn’t just about price. It was backed by a massive surge in trading volume — over 530% in 24 hours, according to CoinMarketCap. That alone caught traders’ attention.
Toncoin hadn’t moved much in the past few weeks. It had been consolidating quietly, forming lower highs and higher lows — classic signs of indecision. That changed fast.
Crypto chart analyst Dami-Defi flagged the move on X, calling it a “textbook breakout.” He pointed to the volume spike as confirmation. “If this momentum holds, $5.60 is next,” he wrote, with a chart showing just how little resistance lies ahead.
Telegram, Musk, and that Grok chatbot
It’s not every day you get crypto tied to both Telegram and Elon Musk. Yet here we are.
Telegram CEO Pavel Durov announced that the company had reached an agreement in principle with Musk’s xAI. The deal would bring xAI’s chatbot Grok into Telegram apps. That includes $300 million in cash and equity and a 50% revenue share from xAI subscriptions.
• Musk later said “no deal has been signed”
• Durov shot back: “agreed in principle”
• Investors? They didn’t wait for the ink to dry
TON’s price spiked immediately after Durov’s post, reinforcing how deeply it’s intertwined with Telegram’s moves. The fact that any major platform-wide integration — especially involving AI — can boost TON price tells you just how sentiment-driven this token has become.
$1.5 billion in bonds and no signs of slowing
Now, let’s talk money. Big money.
Telegram recently raised $1.5 billion through bond sales, with heavyweight investors backing the move. Despite lingering legal battles tied to Durov’s past, confidence in Telegram — and by extension, Toncoin — looks strong.
The raised funds will reportedly go toward repaying older debts. But the bigger picture is this: institutions are backing Telegram’s growth. And if Telegram grows, TON benefits.
Analysts say the bond raise adds another layer of legitimacy to Telegram’s expanding ecosystem, which now includes everything from crypto payments to mini apps — all tied into TON.
Technicals and targets: $5.60 first, then $9.60?
There’s plenty of technical chatter right now, but let’s distill it down.
Another respected analyst, Solberg Invest, shared a chart that suggests TON could hit $9.60 in the mid-term — possibly later in 2025. The path? Break $4–$5 resistance first. After that, it’s open sky.
This wouldn’t be unprecedented. TON already hit an all-time high of $8.24 back in June 2024. Getting back there would place it into price discovery mode again.
For context, here’s a breakdown of where Toncoin stands today:
| Metric | Value |
|---|---|
| Current Price | $3.32 |
| 24-Hour Change | +10.16% |
| 24-Hour Volume | $1.04 Billion |
| Recent High | $3.65 (May 28) |
| All-Time High | $8.24 (June 2024) |
| Short-Term Target | $5.60 |
| Mid-Term Target | $9.60 |
Investor sentiment flips from neutral to hype mode
Not long ago, traders were yawning at Toncoin. Flat prices, choppy volume — the usual lull that sends people looking elsewhere. But that’s flipped.
Crypto influencer and trader Leon Ju said it best: “People are sleeping on TON, but it’s waking up faster than most expect.”
Across Reddit, X, and Telegram itself, chatter about TON has spiked. Whale wallets have reportedly started accumulating again. And the breakout has put TON back on the radar of retail traders who missed the first run to $8.
There’s a distinct shift in tone. Nobody’s calling it a guaranteed moonshot, but there’s an excitement in the air that wasn’t there just a week ago.
What’s next? A watchful market waits
TON isn’t out of the woods yet. It needs to hold above $3.30 and break through that $4–$5 resistance wall. That’s what traders are watching.
But right now, the narrative is in its favor. Telegram news, big-time bond money, and xAI buzz are all feeding the same fire. And with technical charts flashing green, it’s no surprise that bulls are back in the driver’s seat — at least for now.
