Toncoin ( $TON ) at a Crossroads — Will $400M Push TON Up 21%? 💰📊🚀

📈 TON climbed 1.77% in 24h, trading below $3 after rejecting this level again. A hold above $3 could trigger a 21% rally toward $3.70—but the breakout remains uncertain.

🏦 A key driver: TON Foundation’s $400M treasury partnership with Kingsway Capital. If capital flows in, it could reignite bullish momentum.

📉 On-chain wallet activations fell nearly 50% in 10 days, but NFT and DNS trading volumes are rising. U.S. wallet launch could boost user activity soon.

💸 DeFi data is mixed: TVL has dropped from $1.1B to $408M over the year, but stablecoin market cap is up 7.85% and staked TON sits at 791M.

⚖️ For now, TON’s price sits on a knife’s edge—$3 is key. A bounce fuels the rally; a breakdown could send it back to the $2.60 zone.