TLDR
- Toncoin trades around $3.61-$3.71 as of August 4, 2025, up 24% in the past month while most cryptocurrencies declined
- STON.fi decentralized exchange secured $9.5 million in Series A funding to expand DeFi features and cross-chain operations
- TON Foundation partnered with Kingsway Capital to create a $400 million institutional treasury fund for buying and holding TON tokens
- On-chain activity surged with new wallet addresses up 36% and active addresses increasing 51% in the last week
- Technical analysis shows TON approaching the $4 resistance level with potential for further gains if broken
Toncoin has emerged as one of the strongest performers in the cryptocurrency market during recent weeks, defying the broader market downturn with impressive gains. The token currently trades between $3.61 and $3.71 as of August 4, 2025.
The cryptocurrency has posted a 24% gain over the past month, standing out from most digital assets that have experienced declines during the same period. Toncoin’s market capitalization now exceeds $8.6 billion with daily trading volumes approaching $585 million.
The recent price action represents a continuation of bullish momentum that began in the second week of June. This upward trajectory has allowed TON to maintain its position while Bitcoin and Ethereum faced selling pressure.
TON reached as high as $3.7 during its recent rally, retesting resistance levels established in May. The token pulled off a 17% gain from its weekly low to weekly high, demonstrating resilience against market-wide profit-taking.
DeFi Expansion Drives Growth
A major catalyst for TON’s performance came from developments within its decentralized finance ecosystem. STON.fi, the leading decentralized exchange that accounts for over 80% of Toncoin’s DeFi user base, secured $9.5 million in Series A funding.
The funding round aims to expand DeFi features across the TON network. STON.fi plans to use the capital to support cross-chain operations and enhance governance mechanisms within the ecosystem.
This development has contributed to increased confidence in TON’s infrastructure capabilities. The exchange’s dominant position within the TON DeFi space makes its expansion plans particularly relevant for the broader network.
Spot inflows for Toncoin surged to multi-month highs during the rally. Net flows reached $13.35 million on July 31, marking the highest daily net inflows recorded this year.
Institutional Treasury Strategy
The TON Foundation announced a strategic partnership with Kingsway Capital to establish a $400 million institutional treasury fund. This fund is designed to purchase and hold TON tokens as a reserve asset.
TON Foundation and Kingsway Capital plan a $400M raise for $TON Treasury
This new firm would manage and hold Toncoin, the native token of the TON blockchain (linked to Telegram).
The fundraising would likely occur via a PIPE deal.
This move helps in boosting institutional… pic.twitter.com/QqHdB97yyt
— Crypto Masters (@CryptoMasterCom) July 24, 2025
The treasury strategy aims to stabilize the TON ecosystem while boosting institutional engagement. The approach mirrors similar Bitcoin treasury strategies adopted by other organizations.
This institutional backing represents a shift toward treating Toncoin as a treasury asset rather than just a utility token. The move is expected to reduce available supply while providing long-term price support.
On-chain metrics support the bullish thesis with new TON wallet addresses increasing by over 36% recently. Active addresses have grown by more than 51% in the last week alone, indicating rising user adoption.
The network experienced rising derivatives volumes during the past four weeks. Open interest reached past $384 million in the last 24 hours, setting a new all-time high for the metric.
TON’s development focus has shifted toward key growth areas including payments, artificial intelligence, and simplified DeFi. The network also emphasizes GameFi and Telegram’s in-app economy as priority sectors.
This strategic direction builds on TON’s previous surge in network activity during 2024, which was driven by play-to-earn gaming adoption. While that activity has cooled, the new focus areas represent potential growth drivers.
Technical analysis suggests TON is approaching the $4 resistance level, a key threshold for continued upward movement. Breaking through this level could open the path toward $4.40 or potentially $5.
The current price represents approximately a 57% discount from TON’s historic highs reached in June 2024. This discount has attracted investors anticipating potential recovery to previous levels.
Trading volumes and positive sentiment among both retail and institutional investors support the current momentum. Short-term analysis suggests entry points at pullbacks to $3-$3.05 or on confirmed breakouts above $3.35.
Mid to long-term projections target the $3.50-$4.50 range based on current fundamentals and technical patterns.
