{"id":6589,"date":"2025-08-02T20:32:58","date_gmt":"2025-08-02T20:32:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/toncoin-price-soars-as-cryptocurrencies-crash-heres-why\/"},"modified":"2025-08-02T20:33:02","modified_gmt":"2025-08-02T20:33:02","slug":"toncoin-price-soars-as-cryptocurrencies-crash-heres-why","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/toncoin-price-soars-as-cryptocurrencies-crash-heres-why\/","title":{"rendered":"Toncoin price soars as cryptocurrencies crash, here\u2019s why"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Toncoin continues to surge, climbing to $3.60 and notching a 38% gain from its June low, as renewed investor interest and ecosystem momentum breathed new life into the Telegram-linked blockchain.<\/p>\n<div id=\"cn-block-summary-block_fd468c70c6a7c50458e58a69f5f7c873\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Toncoin price jumped after STON.fi, its biggest dApp raised $6.5 million from Ribbit Capital.<\/li>\n<li>It also jumped as it became the fastest-growing chain in the last seven days.<\/li>\n<li>TON has also formed the highly bullish double-bottom pattern.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Toncoin (TON) token jumped for five consecutive days, reaching a high of $3.60, up by 38% from its lowest level in June. At last check Saturday, it hovered at around $3.54. This surge pushed its market capitalization to over $3.7 billion.<\/p>\n<p>TON price jumped after the biggest decentralized application in its ecosystem, STON.fi, raised $9.5 million in funding on July 30, a sign that investors are optimistic about its platform. It raised these funds from Ribbit Capital and CoinFund to fund its growth.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/FWINlY7Lnn\" target=\"_blank\">https:\/\/t.co\/FWINlY7Lnn<\/a> Dev has raised a $9.5M Series A led by Ribbit Capital &amp; CoinFund \u2014 solidifying our role as the core DeFi layer on TON.<\/p>\n<p>With $6B+ volume, 27M+ txs &amp; 80%+ TON user share, this is just the beginning.<\/p>\n<p>Next: limit orders, Omniston cross-chain, DAO.<\/p>\n<p>Read\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/a204rfHTjz\" target=\"_blank\">pic.twitter.com\/a204rfHTjz<\/a><\/p>\n<p>\u2014 STON.fi (@ston_fi) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ston_fi\/status\/1950500223949709324?ref_src=twsrc%5Etfw\" target=\"_blank\">July 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>DeFi Llama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/ston.fi?tvl=false&amp;events=false&amp;dexVolume=true\" target=\"_blank\">data<\/a> shows that STON handled over $6.7 million in volume in the last 24 hours and $113.33 million during the previous 30 days.\u00a0<\/p>\n<p>TON price also jumped as its transactions soared. Nansen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/macro\/blockchains\" target=\"_blank\">data<\/a> shows that Ton Blockchain was the third-fastest growing blockchain in the last seven days, as its active transactions jumped by 32% to 3.8 million.\u00a0<\/p>\n<p>Its fees rose by 52% in the same period, while the active addresses jumped by 5%. These numbers mean that the network is doing well among users.<\/p>\n<p>The token also jumped after the TON Foundation and Kingsway Capital Partners <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-24\/ton-foundation-seeking-to-join-crypto-treasury-company-trend-toncoin\" target=\"_blank\">joined<\/a> to raise $400 million to create a treasury company to accumulate Toncoin.\u00a0<\/p>\n<p>The new, unnamed company will aim to replicate what other firms have done in the past few years, as they seek to build on the success of Strategy and Metaplanet.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Toncoin price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402164\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">TON price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the TON price also jumped after forming a double-bottom pattern at $2.722. This is a typical pattern characterized by two lower levels and a neckline, which, in this case, was at $3.5812. It is one of the most common bullish reversal patterns.\u00a0<\/p>\n<p>The price of Toncoin jumped above the 23.6% Fibonacci Retracement level, while the 50-day and 100-day moving averages are about to cross each other. Therefore, the token will likely continue rising as bulls target the key resistance level at $4.77, the 50% retracement level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toncoin continues to surge, climbing to $3.60 and notching a 38% gain from its June low, as renewed investor interest and ecosystem momentum breathed new life into the Telegram-linked blockchain.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6589"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6589\/revisions"}],"predecessor-version":[{"id":6591,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6589\/revisions\/6591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6590"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}