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Toncoin (TON) Bucks Market Trend With 18% Surge As Crypto Sector Corrects
Toncoin (TON) Bucks Market Trend With 18% Surge As Crypto Sector Corrects
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) is maintaining its upward momentum, achieving an 18.3% monthly increase while most cryptocurrencies face declines. The digital asset shows 3.9% daily and 9.3% biweekly growth, though it remains 48.4% below its July 2024 all-time highs. Market indicators reveal renewed investor interest, with trading volume jumping 41.46% and open interest rising 14.52%.
Fundamental catalysts are driving this performance. The TON Foundation's $400 million treasury program with Kingsway Capital aligns with booming NFT activity, highlighted by Snoop Dogg's $12 million NFT sale via Telegram. While the $3.40 resistance level may prompt consolidation, derivatives markets show $699,000 in liquidations as traders reposition.
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