Toncoin (TON) defied the broader market downturn, gaining 2% in 24 hours and surging over 38% since June, trading at $3.65 as of 8:30 AM UTC on August 3, 2025.
Key Takeaways:
- Toncoin remains flat, reaching $3.65 amid bearish broader crypto market.
- The token’s price jumped after the $9.5 million investment in STON.fi, TON’s top DeFi application.
- Technical indicators show a “strong buy” signal across daily charts, with RSI nearing overbought levels.
Toncoin (TON) emerged as an unexpected outlier, gaining over 2% (24H) during a week where top cryptocurrencies like Bitcoin, Ethereum, and Solana are in a significant crash. Global macroeconomic concerns, particularly fresh U.S. tariffs and weakening growth signals were known to be the main catalysts of the week-long dump in the market, but TON still managed to maintain its upward trajectory from June and continues to trade at elevated levels.
As of writing, 8:30 AM UTC on August 3, Toncoin is priced at $3.65, up 2% over the past 24 hours, based on data from CoinGecko and TradingView. While not a sharp rally in the short term, this price represents a 38% increase from its local low in June, when TON was trading near $2.60. Its market cap now stands at approximately $8.7 billion, with 24-hour trading volume at $355–$357 million.
What’s supporting TON’s price strength?
One of the main drivers behind the current strength in TON’s price action is the Toncoin ecosystem’s growth, particularly the recent update around STON.fi, which is a decentralized exchange built on the TON blockchain.
In one of the recent news from crypto.news, STON.fi announced a successful $9.5 million funding round led by Ribbit Capital and CoinFund earlier this week. This influx of capital will support development, liquidity expansion, and cross-chain integrations, reinforcing STON.fi’s role as a key player in Toncoin’s decentralized finance (DeFi) ecosystem.
Meanwhile, data from DeFi Llama reveals that STON’s 24-hour volume reached over $6.7 million over the past 24 hours and $113.33 million in the last 30 days.
Investors and analysts see this funding as a great sign of confidence in the future of Toncoin’s ecosystem. The support of institutional capital during a time when many other projects are scaling back suggests Toncoin is moving against the tide of bearish sentiment.
On the other hand, CoinGape’s recent article also emphasized the reason behind TON’s price strength despite crypto market crash for over a week, highlighting its ecosystem adoption, with growing interest in TON-based smart contracts and the use of crypto wallets that support Toncoin-based applications.
Technical Indicators
Technical charts suggest TON’s bullish movement according to the latest data and statistics from TradingView and Investing.com.
TON recorded an RSI (Relative Strength Index) at ~69, signaling strong but not overbought momentum. However, all 13 moving averages (MAs) on the daily chart indicate “buy” signals. Lastly, oscillators direct to a positive trend, reinforcing TON’s continued strength.
What’s next?
If the TON ecosystem continues to grow and as well as its real-world usage particularly with DeFi tools and reinforcement of STON.fi, Toncoin may remain an outperformer in the coming weeks. Near-term targets of $3.80 to $4.00 remain in play if momentum holds.
Still, macro conditions and market-wide sentiment could weigh on altcoins as a whole. Investors should monitor Bitcoin’s behavior closely, as well as any new updates from TON-based development teams, to gauge whether this calm strength can translate into a fresh breakout.
Summary
Toncoin (TON) has defied the broader crypto selloff, rising 2% in 24 hours and 38% since June. It’s currently trading at $3.65 as of August 3, 2025, buoyed by a $9.5M investment in STON.fi, its leading DeFi app. This injection of institutional capital comes as STON reports record trading volumes and expanded integrations. Technicals back the move, with RSI nearing 69 and all 13 moving averages flashing “buy.” TON’s ability to rally amid macro headwinds and sector-wide declines suggests the token may be positioned as a rare outperformer in a consolidating market.
