Toncoin Surges 3% as TON Foundation Launches $400M Treasury, Telegram Unveils 87M-User Wallet

The TON Foundation has partnered with Kingsway Capital Partners to establish a $400 million treasury dedicated to purchasing Toncoin, a strategic move aimed at stabilizing the token’s price and enhancing liquidity. This institutional-grade initiative mirrors strategies adopted by Bitcoin-focused firms like MicroStrategy, treating Toncoin as a core financial reserve [1]. Concurrently, Telegram’s rollout of its native TON Wallet has expanded access to 87 million U.S. users, integrating the cryptocurrency into one of the largest decentralized user bases. The dual approach—combining institutional backing with mass-market onboarding—signals a significant shift in Toncoin’s ecosystem strategy, positioning it to cater to both institutional and retail investors simultaneously [2].

The TON Wallet’s deployment coincided with a 3% price surge, pushing Toncoin’s value to $3.41 [2]. Analysts compare this rollout to past integrations by MetaMask and Coinbase Wallet, which historically led to price rallies and increased Total Value Locked (TVL) in DeFi ecosystems [3]. The $400 million treasury, funded through a private investment in public equity (PIPE) structure, is expected to mitigate market volatility by holding Toncoin as a reserve asset. Proceeds will be used exclusively for token purchases, leveraging long-term holding strategies to reinforce financial stability [1].

Market reactions remain mixed. While the treasury announcement initially drove a 2% price increase to $3.16, 24-hour trading volume declined nearly 20%, reflecting cautious investor sentiment. Technical indicators show the MACD hinting at potential bullish momentum, though the RSI remains at 57.43, suggesting moderate buying pressure without overbought conditions. Key resistance levels are identified at $3.30, with support around $3.10. Broader market dynamics, including Ethereum’s recent price corrections, add uncertainty to Toncoin’s trajectory [4].

This initiative follows a controversial attempt by the TON Foundation to link Toncoin to a UAE Golden Visa, which faced criticism for regulatory ambiguities. The current strategy emphasizes institutional credibility, aligning with industry trends where crypto tokens are increasingly treated as corporate reserve assets. Companies such as SharpLink Gaming and BitMine, which hold Ethereum in their treasuries, demonstrate growing acceptance of digital assets as institutional-grade holdings [5]. The success of Toncoin’s $400 million raise will depend on sustained investor confidence and the wallet’s adoption rates, particularly as Telegram’s user base represents a critical mass for decentralized finance.

Sources:

[1] [Toncoin Partners with Kingsway to Launch $400M Treasury Initiative](https://www.ainvest.com/news/toncoin-partners-kingsway-launch-400m-treasury-initiative-boosting-institutional-adoption-2507/)

[2] [Telegram Launches TON Wallet for 87 Million U.S. Users](https://coincentral.com/telegram-launches-ton-wallet-for-87-million-u-s-users-as-toncoin-rallies/)

[3] [TON Foundation launches Toncoin treasury company](https://www.cryptopolitan.com/ton-foundation-launches-toncoin-treasury/)

[4] [TON/USD daily price chart](https://coinedition.com/oncoin-400m-treasury-telegram-wallet-price-analysis/)

[5] [TON Foundation seeks $400M for public treasury](https://cryptoslate.com/ton-foundation-seeking-400m-to-setup-public-treasury-company-to-accumulate-toncoin/)