I'm bullish on $TON ecosystem! #HongKong people with #NewYork support building strong technical and financial W @alexdolbun let's Deep Dive

1. Business & Partnerships

The Open Platform (TOP), TON’s primary developer, raised $28.5M in a Series A round led by Ribbit Capital and Pantera Capital on July 3, 2025, valuing the firm at $1B (The Defiant). Funds will fuel U.S./EU expansion, compliance infrastructure, and gaming/AI initiatives. TOP powers TON’s non-custodial wallet (100M+ users), NFT marketplace, and DeFi protocols.


This follows March 2025’s $400M Toncoin purchase by VCs like Sequoia and Benchmark, signaling deepening institutional interest.


2. Market Metrics

TON trades at $2.74 (July 5), down 15.45% monthly, with whales holding 67.86% of circulating supply (CoinMarketCap). This concentration raises liquidation risks: a break below $2.68–$2.73 support could trigger a slide toward $2.55 or $2.42.


Daily active addresses and DeFi TVL have stagnated since June 2025, reflecting fading momentum from Q2’s tap-to-earn app hype.


3. Technical Developments

TON broke a symmetrical triangle pattern on July 4, accelerating bearish momentum (CryptoNewsLand). The 4-hour chart shows lower highs, with RSI (49.06) and MACD signaling weak recovery potential. Analysts note $3.00 as critical resistance; sustained closes below $2.70 may validate Fibonacci extension targets near $1.90.


Conclusion

TON’s ecosystem growth clashes with bearish technicals and whale-driven volatility. Will TOP’s global expansion offset fading retail momentum? Monitor the $2.70–$2.91 range for breakout/breakdown signals.

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July 05, 2025 at 4:11 PM
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