As of May 28, 2025, Toncoin ($TON ) is trading at approximately $3.01 USD, with a 24-hour trading volume of around $168.11 million, reflecting a 1.45% price increase in the last day. Its market capitalization is about $7.51 billion, ranking it #20 among cryptocurrencies. The circulating supply is 2.49 billion $TON , with a total supply of 5.13 billion TON.
Recent Developments:
Wallet in Telegram Upgrade: The Wallet in Telegram has introduced a new interface, expanded crypto trading, and permanent rewards for holding TON and USDT, enhancing user engagement.
DeFi and Network Activity: TON's Decentralized Finance (DeFi) sector shows growth, with platforms like Factorial increasing total value locked to $29 million. However, daily DEX volume has dropped significantly to under $6 million since mid-May, and network revenue has cooled to less than $5,000 daily, indicating reduced utility compared to its 2024 peak.
Strategic Partnerships: TON has partnered with Ethena to integrate the sUSDe stablecoin (tsUSDe) into its ecosystem, targeting Telegram’s one billion users. Additionally, Broxus launched TON Factory, a high-throughput platform for scaling decentralized apps, boasting 35,000 transactions per second.
Price Performance: TON hit an all-time high of $8.28 in June 2024 but has since declined 62-65%, trading at a significant discount. Technical analysis suggests a bullish engulfing pattern, hinting at potential recovery if it breaks the $3.50-$3.70 resistance, possibly targeting $4.00-$4.50 in May 2025. Support levels are noted at $2.80-$3.00.
Price Predictions for 2025:
Bullish Scenarios: Analysts predict TON could reach $10-$19 by the end of 2025, driven by Telegram’s ecosystem integration, technological upgrades like the Elector and Config Update, and potential market recovery post-Bitcoin halving.
Bearish Scenarios: Some forecasts suggest a possible drop to $1.61-$2.80 if market sentiment turns bearish or TON fails to sustain above key support levels like $3.10.
Long-Term Outlook: By 2030, optimistic projections estimate TON could reach $25-$46.77, fueled by increased adoption and blockchain sector growth, though some sources predict more conservative ranges of $2.61-$8.
Market Sentiment: Sentiment is mixed, with 41.63% bullish and 32.03% bearish tweets, and a neutral RSI of 41.52, indicating neither overbought nor oversold conditions. The Fear & Greed Index shows greed at 73, suggesting caution.
Key Factors to Watch:
Network Performance: Declining DEX volumes and app revenues signal challenges in maintaining 2024’s momentum. Recovery depends on increased utility and dApp adoption.
Regulatory and Leadership: Pavel Durov’s release from France and a $400 million U.S. VC investment have boosted optimism, but regulatory risks linger.
Technical Upgrades: Upcoming features like the Jetton Bridge and Slashing Optimization could enhance scalability and user trust, potentially driving price growth.
Investors should monitor trading volume, resistance levels, and broader crypto market trends, as TON’s price is sensitive to both its ecosystem developments and external market conditions. Always conduct thorough research before investing, as cryptocurrencies are highly volatile.
