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Toncoin (TON) Bucks Market Trend with 24% Monthly Gain as Institutional Interest Grows
Toncoin (TON) Bucks Market Trend with 24% Monthly Gain as Institutional Interest Grows
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin has distinguished itself as a top performer in the crypto market, surging 24% over the past month while most digital assets faced declines. The token is currently trading between $3.61 and $3.71, boasting a market cap above $8.6 billion.
Institutional interest is rising as the TON Foundation collaborates with Kingsway Capital to create a $400 million treasury fund. Additionally, STON.fi's $9.5 million Series A funding highlights the expanding DeFi ecosystem on the network.
On-chain data shows accelerating adoption, with new wallet addresses up 36% and active addresses increasing 51% weekly. Technical analysis indicates potential for further upside if TON breaks through the $4 resistance level.
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