Why is Toncoin Up Today Despite Crypto Market Crash?

After facing a cascading crash at the beginning of the year, Toncoin (TON) is gaining traction in the present market. Due to Pavel Durov’s detainment sparking panic, this crypto’s price went into a complete spiral, losing nearly half of its value from December 2024 peak to March 2025 crash. However, things took a different turn in the last few days, fueling its 24% rally for the month.

Toncoin Trending in Crypto Market, Price Soars 7% Today

Despite earlier bullish trends, bears dominated the last days of July. With multiple crypto market crashes and the investor sentiments shifting to neutral from greed, digital assets suffered greatly. However, that turned favorable to Toncoin, as investors saw opportunities and pumped its price.

TON, once a part of the top cryptos, currently trades at $3.61 with $8.72 billion in market capitalization. Notably, its price has surged 7% today and 24% over the month, as its trading volume doubled over the course, currently at $584.94 million. This happened as recent developments regained investors’ confidence.

Why is Toncoin Price Up Today?

TON is trending in the crypto space today, fueling its price surge. Starting with STON.fi, the leading DEX on TON, raised $9.5 million in Series A funding. Notably, this exchange accounts for 80% of the DeFi users on the network, controlling $6 billion in trading volume.

🚀 https://t.co/FWINlY7Lnn Dev has raised a $9.5M Series A led by Ribbit Capital & CoinFund — solidifying our role as the core DeFi layer on TON.

With $6B+ volume, 27M+ txs & 80%+ TON user share, this is just the beginning.

Next: limit orders, Omniston cross-chain, DAO.

Read… pic.twitter.com/a204rfHTjz

— STON.fi (@ston_fi) July 30, 2025

The funding has highlighted the token, pushing it to break out from the key resistances. Experts’ Toncoin price prediction suggests that the Fibonacci targets are at $4.00 and $4.40, which could extend to even $5.00 if the momentum builds.

In addition, the TON Foundation (with Kingsway Capital) has established a $400 million institutional treasury to acquire and hold the native token. This step is designed to create a long-term reserve that can support the ecosystem’s stability, reduce circulating supply, and more.

During the same period, the on-chain activity has surged significantly. IntoTheBlock data highlights that new addresses have surged 36.68% and active addresses have jumped 51.48% over the week, fueled by treasury and ecosystem upgrades.

Overall, the new development around the blockchain network is pushing Toncoin into the limelight, fueling its demand and price rally.