Overview
- Toncoin has rallied 38% from June lows to trade around the $3.60 barrier it has failed to clear since April.
- Futures volume jumped 19.5% to $635 million and open interest rose 12%, reflecting increased leveraged long positions.
- Technical charts show a double-bottom at $2.722 with the RSI at 65.8 and the MACD line above its signal line, signaling sustained bullish pressure.
- Network health metrics remain strong as daily transactions exceed 2 million, active wallets reach 45 million and total on-chain addresses top 159 million.
- STON.fi secured $9.5 million from Ribbit Capital and CoinFund for DeFi expansion, and the TON Foundation with Kingsway Capital Partners unveiled a $400 million treasury vehicle to accumulate Toncoin.