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Toncoin (TON) cryptocurrency has faced a sharp decline even as Telegram rolls out its new Vault feature within the TON Wallet.
The launch of “Vault” in TON Wallet allows users to earn yield on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) without leaving the app.
Vaults are self-custodial, meaning users retain control of their private keys and assets while participating in decentralised earning strategies.
This integration of decentralised finance (DeFi) into a widely used messenger app marks one of the most accessible on-ramps to DeFi for everyday users.
The TON Wallet uses a combination of DeFi protocols to generate yield behind the scenes.
Morpho provides the lending backbone, while the TON Applications Chain executes transactions, and Re7 manages risk and strategy design.
Users simply interact through the Telegram interface, making the process seamless and user-friendly.
Despite the positive news, Toncoin’s market performance has been under pressure.
The cryptocurrency has dropped to $1.29, down 3.6% over 24 hours.
This decline aligns with a broader market-wide risk-off rotation.
The total crypto market cap fell 2.43%, and sentiment remains in extreme fear, with the Fear & Greed Index at 16.
Notably, altcoins are underperforming Bitcoin, and Toncoin has moved in line with the market.
Technical indicators show a bearish trend.
The price has broken both the 7-day and 30-day simple moving averages, confirming downward momentum.
In addition, the Relative Strength Index (RSI) reads 26.42, indicating deeply oversold conditions.
The selling volume has also increased by almost 30%, showing persistent pressure despite the oversold state.
Looking at the historical chart movements, the key support lies between $1.23 and $1.30, and the Fibonacci levels highlight this zone as critical for potential short-term rebounds.
A bounce could occur if buyers step in at these levels, especially if Bitcoin stabilises after its recent decline.
CoinLore’s analysis highlights additional support at $1.06 and a secondary zone near $0.8280.
On the upside, the immediate resistance is at $1.41, $1.79, and $2.02, marking key thresholds for traders to watch.
Traders should focus on high-volume rejection or acceptance around the $1.26–$1.30 range to gauge the next move.
With the introduction of Vaults, TON now combines utility and DeFi access, which could support demand if broader market conditions improve.
If the Toncoin price holds above the $1.23–$1.26 support zone, a short-term rebound toward the 7-day SMA at $1.33 could be possible.
Otherwise, a break below $1.23 may open the path to $1.14, where further downside could extend toward $1.06.
But the oversold RSI suggest a potential bounce, although caution is advised, as the market remains under pressure.
In case of a rebound, clearing the $1.41 resistance would signal strength and potentially push TON toward $1.79 and $2.02.
Telegram CEO Pavel Durov announced the launch of Cocoon, a decentralized artificial intelligence network built on the TON blockchain, during his keynote at Blockchain Life 2025 in Dubai. In his speech, Durov emphasized the need to support digital freedoms and the right to privacy, setting the foundation for Cocoon’s core mission.
The network introduces a privacy-first model for decentralized AI inference, allowing application developers to compensate GPU owners with TON tokens for computing power. As a demonstration of confidence in the technology, Telegram will serve as Cocoon’s first customer, leveraging the network for confidential AI queries across its vast user base.
“It is a decentralized AI network built on top of TON where owners of hardware can make their GPU available and be rewarded with TON,” said Pavel Durov during the event.
Durov added that Telegram plans to invest heavily in promoting Cocoon through its channels and user communities, aligning with its broader vision to merge blockchain transparency with secure, high-performance AI systems.
Following Durov’s announcement, AlphaTON Capital (NASDAQ: ATON) issued a press release, revealing plans to make a substantial investment in GPU and data center infrastructure to power Cocoon’s decentralized AI network.
The company said it will deploy high-memory GPU clusters optimized for AI inference workloads across strategically located data centers to ensure low-latency and high-throughput performance.
Cocoon’s architecture allows GPU owners to earn TON tokens for providing computational capacity, a model designed to democratize AI access while maintaining user data confidentiality. AlphaTON Capital’s participation reinforces its commitment to the TON and Telegram ecosystems.
“The launch of Cocoon marks a pivotal moment in the convergence of blockchain, data protection, and artificial intelligence. Our investment in enterprise-grade GPU infrastructure ensures Cocoon has the capacity to serve Telegram and other AI applications from day one,” said Brittany Kaiser, CEO of AlphaTON Capital.
The Cocoon network is scheduled to launch in November 2025, following developer and GPU provider onboarding. As Telegram’s decentralized AI ambitions take shape, Cocoon could redefine how data privacy and computation are managed across Web3-based machine intelligence networks.
Toncoin price dips 1.5% to $2.20 on Oct. 29 | Source: Coinmarketcap
At press time, TON
TON
$2.24
24h volatility:
1.0%
Market cap:
$5.66 B
Vol. 24h:
$227.66 M
trades at $2.20, with a market capitalization of $5.6 billion, down 1.5% in 24 hours, while trading volume rose 3.4%, signaling heightened investor activity following Durov’s keynote.
Following Telegram CEO Pavel Durov’s unveiling of the Cocoon decentralized AI network, investor enthusiasm has spilled into early-stage blockchain projects like Best Wallet [NC].
Best Wallet offers institutional-grade multi-signature security, and integrates AI automation tools to help users manage crypto assets across multiple chains.
Best Wallet Presale
The Best Wallet presale has now exceeded $16.7 million in total funds raised, with tokens currently priced at $0.026 ahead of the next price tier. Investors can visit the official Best Wallet website to participate in the presale and claim exclusive early-entry bonuses.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
The Open Network (TON) has seen a surge in institutional and retail interest, marked by a series of developments that could strengthen its position in the cryptocurrency market.
A new $780 million treasury declaration by Verb Technology Company, an expanded staking service via Ledger Live, and improving on-chain indicators are creating conditions that some analysts suggest may fuel the blockchain’s next major growth phase.
These events follow an earlier $558 million private placement and Telegram’s exclusive adoption of TON for its applications, highlighting the scale of resources and demand converging around the network.
Verb Technology Company announced treasury assets exceeding $780 million, which include $713 million in Toncoin and $67 million in cash.
The company, soon to be renamed Ton Strategy Company, became the first publicly traded entity to use Toncoin as its primary treasury reserve asset.
The disclosure came just days after the firm’s $558 million private placement earlier this month, supported by more than 110 institutional and crypto-native investors. Most of the proceeds were directed into Toncoin purchases.
Verb has also stated it aims to accumulate over 5% of TON’s circulating supply while steadily increasing Toncoin per share through reinvested cash flows, staking rewards, and treasury management.
In parallel, staking service provider P2P.org revealed the launch of native TON staking within Ledger Live.
This development makes staking accessible to millions of Ledger hardware wallet users, providing secure and non-custodial participation in the network.
The validator-led solution marks the first of its kind inside Ledger Live. It lowers the minimum entry requirement to 10 TON, a significant reduction from the native 300,000 TON threshold.
Users benefit from institutional-grade security standards after audits by Quantstamp and Trail of Bits.
The integration also enables staking or unstaking with activation and withdrawal times as short as 36 hours, while returns are currently tracking around 4.7% annually.
Data from CryptoQuant shows TON’s Sharpe ratio flipped from negative to positive in August, signalling an improvement in risk-adjusted returns.
This is historically seen as a measure of sustained momentum.
Alongside this, metrics such as daily active addresses are showing growth, adding to the perception of building traction across the network.
Crypto analyst Crash posted on X that TON could be the driver of the next wave of crypto wealth, stating, “The next fresh class of crypto millionaires will be made on TON. Not Solana or Ethereum.”
Beyond financial and technical growth, Telegram has integrated TON as the exclusive blockchain for Mini Apps, wallets, and payments across its platform, which has more than one billion users worldwide.
This step provides TON with exposure unmatched by most other layer-1 blockchains, anchoring it firmly in the mainstream digital ecosystem.
The combination of a substantial treasury base, broader retail staking access, and integration into one of the world’s largest messaging platforms positions TON for sustained expansion.
Institutional players dominate market trends with dib-buying activities after the current broad market decline.
NASDAQ-listed Verb Technology, which will soon rebrand to Ton Strategy Company, has revealed a key milestone that aligns its vision with the Telegram-based blockchain.
The livestreaming firm has disclosed that its treasury assets have surpassed $780 million, with the Open Network’s native token accounting for the most at $713 million.
JUST IN:
Publicly traded Verb Technology buys $713,000,000 worth of $TON for its treasury. pic.twitter.com/6FzOWVAjDL
— Whale Insider (@WhaleInsider) August 21, 2025
It holds the remaining $67 million in cash.
The development has attracted attention as it follows Verb’s $558 million private placement early this month.
The fundraising drew crypto-oriented investors and over 110 institutions, confirming trust in Verb’s digital asset strategy and the Toncoin project.
Commenting on the milestone, Verb’s Executive Chairman Manuel Stotz stated:
Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.
Verb Technology plans to be the central player in the Open Network ecosystem.
It plans to acquire over 5% of Toncoin’s circulating supply (currently at 2.56 billion tokens).
That would make Verb a top participant in securing the TON blockchain.
Moreover, the company plans to add its Toncoin balance on a per-share basis over time, leveraging staking rewards, disciplined market activity, and cash flow reinvestment.
That would ensure Verb’s active participation in supporting the platform’s infrastructure while benefiting from maximized returns.
Stotz added:
By becoming the first and largest publicly traded treasury reserve of TON, VERN is not just holding TON on its balance sheet – we are helping to strengthen the economic foundation of the network itself.
Verb Technology isn’t zeroing in on a random digital asset.
Toncoin remains the first coin to receive support from a leading social site.
Dogecoin appears to have failed in its fight to become X’s (formerly Twitter) payment token.
Telegram, the leading messaging platform with around 1 billion active users per month, collaborated with the Ton Foundation to make Toncoin the sole asset powering its ecosystem.
The integration enriched the alt’s utility, now the backbone for payments, wallets, and emerging decentralized applications (dApps) within Telegram.
The use cases likely elevated TON’s institutional appeal.
Recently, Coinbase Ventures endorsed Toncoin as the ideal token for fueling cryptocurrency adoption.
The alt trades at $3.30, reflecting the prevailing broad market declines.
Meanwhile, the minor 0.71% price increase signals a possible momentum shift as the community digests Verb’s updates.
TON could see brief gains in the near term, but the broad market outlook suggests short-lived gains.
Nonetheless, institutional interest positions Toncoin for impressive growth and price performance in the coming months and years.