Toncoin (TON) traded at $2.66 at press time, down 4.5% over the past 24 hours. The token has slipped 16% over the past week and another 16% in the last 30 days, approaching its lowest levels since July. TON’s market capitalization stands at $6.78 billion, with a fully diluted valuation of $13.7 billion.
Daily trading volume rose to $170.5 million, a 56% increase from the previous day, signaling heightened spot market activity despite the price decline. In the derivatives market, CoinGlass data shows Toncoin futures volume climbing 48% to $142 million, while open interest fell 16% to $13.7 million—indicating traders are closing positions after recent losses rather than opening new ones.
AlphaTON Capital Injects $30M into TON
On September 25, AlphaTON Capital announced an initial $30 million purchase of TON, part of a broader effort following more than $70 million raised through a private placement and a loan facility with BitGo Prime. The Nasdaq-listed firm aims to grow its TON holdings to $100 million by Q4 2025, while starting staking and validation activities to generate yield.
AlphaTON also plans to support TON-based applications within Telegram’s mini-app ecosystem, which now reaches over one billion users. Led by Brittany Kaiser and Enzo Villani, the firm is positioning itself as a dedicated TON treasury and has formed strategic partnerships with Kraken, Animoca Brands, and SkyBridge Capital, reinforcing its ecosystem play.
Technical Outlook
Toncoin’s chart shows the price tracking the lower Bollinger Band, with the bands narrowing—a pattern often signaling an imminent sharp move. Key support is seen at $2.60, while a potential bounce could target $3.00–$3.20, aligning with the middle band and previous resistance levels.
Market indicators are mixed. Toncoin may see a short-term recovery as oversold conditions are signaled by the Relative Strength Index (RSI) at 22 and the Williams %R near -90. However, the MACD remains negative, and moving averages across all timeframes maintain a bearish bias.
If buyers defend the $2.60 support level, TON could rebound toward $3.00. Conversely, a break below $2.60 might push the token down toward $2.40.
