Toncoin (TON) Rallies 3.5% After TON Foundation Hires Ex-Visa Payments Strategist

Toncoin (TON) showed explosive price movement following the TON Foundation’s strategic hire of a former Visa executive to lead payments infrastructure. The cryptocurrency surged 3.5% within minutes, establishing strong support at $2.97 and testing new resistance at $3.27.

Trading volume spiked to 10x typical levels during peak activity, with a notable two-minute jump from $3.18 to $3.29 accompanied by 2.1 million TON traded. This confirms growing institutional interest in Telegram’s native cryptocurrency ecosystem.

Technical analysis reveals an ascending channel forming on hourly charts, with the foundation’s high-profile recruitment driving buyer momentum. While late-session profit-taking slightly reduced gains, the structural support indicates continued upside potential.