- UAE denied TON Foundation’s “Golden Visa” staking residency plan, but development continues; Open Platform raised $28.5M at $1B valuation.
- Price consolidates at $3.27–$3.44: Break above $3.44 targets $3.80; fall below $3.18 risks $2.80 test amid neutral RSI.
As of July 30, 2025, Toncoin (TON) traded near $3.33, up ~14% over the month but still down significantly from 2024 highs.
TON’s ecosystem is seeing notable growth anchored by Telegram integration and DeFi expansion. The TAC public mainnet launched in mid-July, bringing protocols like Curve and Morpho onto TON, signaling a push into broader DeFi use.
“Going live on Telegram and TON via TAC can allow Curve to reach the new audience who aren’t yet on DeFi,” said Michael Egorov, Founder of Curve.
“TAC is an exceptional team with a deep understanding of infrastructure and growth backed by years of experience building in the space. Leading this strategic round reflects our conviction in TAC’s ability to shape how Ethereum dApps reach global users through Telegram and TON.”
A high-profile NFT launch on Telegram featuring Snoop Dogg’s collection raised $12M in 30 minutes earlier in July, showcasing TON’s reach to mass retail audiences.
TON Foundation faced scrutiny over its proposed UAE ‘Golden Visa’ program, which would grant residency in exchange for staking TON; UAE authorities have denied eligibility, but discussions continue. Despite this, TON ecosystem development remains active—The Open Platform, TON’s main development arm, raised $28.5M in Series A funding, valuing the platform at $1B to scale its products.
TON Technical Price Analysis
TON trades in a consolidation zone between $3.27–$3.44, with overhead resistance at $3.40–$3.44 and support around $3.18–$3.20. RSI is neutral, indicating neither overbought nor oversold conditions.
Structure suggests an accumulation phase; a break above $3.44 could open the path toward $3.60–$3.80 in the short term. A downside break below $3.18 risks testing $3.00 and deeper support at $2.80.
Overall, TON’s fundamentals remain strong with Telegram-based adoption and DeFi integration providing mid-term bullish potential, while price action suggests patience as the market builds momentum for its next move.
