Toncoin registers a 40% increase in one week. We analyse the causes and future prospects of this Telegram-linked cryptocurrency.
Why Toncoin has outperformed almost all major cryptocurrencies by growth in the last week and what conditions are needed for further growth
The Toncoin blockchain project token (TON), integrated with the popular messenger Telegram, has become the third fastest growing of the top 100 cryptocurrencies by capitalisation.
In the last seven days, the price of TON has risen by around 37% (to $3.66), surpassed only by two projects in the BNB Chain (BNB) blockchain ecosystem: the decentralised exchange token PancakeSwap (CAKE), up 64%, and the memecoin platform token FOUR (FORM), up 78%.
According to experts, the probable reason for TON's growth is the decision of the French authorities to allow Telegram founder Pavel Durov to leave the country.
Although TON is not directly linked to Telegram and Durov, many of the project's blockchain solutions have already been integrated into the messenger. For example, earlier this year, Telegram representatives and TON developers agreed to implement Toncoin as a payment method for Telegram Stars, Telegram Premium, Telegram Ads and Telegram Gateway.
In addition, Toncoin will be used to pay mini-app developers and channel owners for their Telegram Stars and advertising revenue. Tokenised assets such as emoji, stickers and other digital objects, as well as the issuance of restricted gifts in the form of non-fungible tokens (NFT), will exist exclusively on the TON blockchain.
Toncoin price history and market position
Toncoin's price reached its historical peak in June 2024, at around $8.3. Since then, the asset has lost over 55% of its value. TON currently ranks 12th among major cryptocurrencies by capitalisation, with a value of $9.1 billion.
Price chart of the TON/USDT trading pair on the stock exchange
The TON's prices have previously reacted to both positive and negative news. In September 2023, following the integration of the TON Wallet into the messenger Telegram, Toncoin entered the top 10 cryptocurrencies by capitalisation. In August 2024, following Durov's arrest in Paris, TON plummeted by about 15 per cent, dropping out of the top 10.
In late 2024, thanks to the general growth of the crypto market, the price of TON temporarily managed to exceed $7, but since the beginning of December, the price has fallen almost uninterruptedly, hitting a low of $2.35 on 11 March. This was the lowest value since 5 March 2024. As of 20 March, the price of TON had risen more than 55% from this low.
On 15 March, AFP reported that Pavel Durov had left France and was heading to Dubai with court permission. He had been there since August of the previous year, when he was arrested at the airport on charges of complicity with cyber criminals.
In early February it was announced that his case would not go to court for at least a year. This event coincided with the largest intraday rise since March 2024: on 15 March, the price of TON rose by 22.5%, an increase only surpassed on 24 March last year by +23.6%.
"The TON Foundation is pleased to learn that the French authorities have returned Pavel Durov's passport, giving him the opportunity to leave the country at his own discretion,"representatives of the TON Foundation, the non-profit organisation behind the development of the TON blockchain, wrote on X.
TON Foundation Celebrates Pavel Durov's Passport Return
The TON Foundation is delighted to learn that Pavel Durov's passport has been returned to him by French authorities, granting him the freedom to leave the country at his discretion.
In addition, on 20 March, Durov announced that Telegram had surpassed 1 billion monthly active users, becoming the second most popular messaging service in the world after WhatsApp (excluding China's WeChat). However, this statement did not have a significant impact on TON's price.
In addition to its integration with Telegram's services, the TON blockchain is known for its series of popular mini-games ('clickers' or 'tapalki') developed within the messenger. The main cryptocurrencies launched through these games, including Notcoin and Hamster Kombat, have a combined capitalisation of $760 million. Although they have shown growth over the past seven days, they remain below their all-time highs of 91% and 78%, respectively.
Notcoin alone, at its peak in March 2024, had a capitalisation of $2.5 billion, three times the combined value of all these projects as of 20 March 2025.
In addition to the declining interest in 'tapalki', the weak cryptocurrency price dynamics in the TON ecosystem could be linked to a general bearish sentiment in the crypto market. As noted by Alexander Peresichan, CEO of Tehnobit, for a new growth momentum, TON will need a more optimistic market climate and a new project or niche based on its blockchain.
The Shiba Inu (SHIB) community is actively promoting the token's application for an ETF, highlighting its presence on over 110 exchanges and 212 trading pairs.
Why Toncoin has outperformed almost all major cryptocurrencies by growth in the last week and what conditions are needed for further growth
The Toncoin blockchain project token (TON), integrated with the popular messenger Telegram, has become the third fastest growing of the top 100 cryptocurrencies by capitalisation.
In the last seven days, the price of TON has risen by around 37% (to $3.66), surpassed only by two projects in the BNB Chain (BNB) blockchain ecosystem: the decentralised exchange token PancakeSwap (CAKE), up 64%, and the memecoin platform token FOUR (FORM), up 78%.
According to experts, the probable reason for TON's growth is the decision of the French authorities to allow Telegram founder Pavel Durov to leave the country.
Although TON is not directly linked to Telegram and Durov, many of the project's blockchain solutions have already been integrated into the messenger. For example, earlier this year, Telegram representatives and TON developers agreed to implement Toncoin as a payment method for Telegram Stars, Telegram Premium, Telegram Ads and Telegram Gateway.
In addition, Toncoin will be used to pay mini-app developers and channel owners for their Telegram Stars and advertising revenue. Tokenised assets such as emoji, stickers and other digital objects, as well as the issuance of restricted gifts in the form of non-fungible tokens (NFT), will exist exclusively on the TON blockchain.
Toncoin price history and market position
Toncoin's price reached its historical peak in June 2024, at around $8.3. Since then, the asset has lost over 55% of its value. TON currently ranks 12th among major cryptocurrencies by capitalisation, with a value of $9.1 billion.
The TON's prices have previously reacted to both positive and negative news. In September 2023, following the integration of the TON Wallet into the messenger Telegram, Toncoin entered the top 10 cryptocurrencies by capitalisation. In August 2024, following Durov's arrest in Paris, TON plummeted by about 15 per cent, dropping out of the top 10.
In late 2024, thanks to the general growth of the crypto market, the price of TON temporarily managed to exceed $7, but since the beginning of December, the price has fallen almost uninterruptedly, hitting a low of $2.35 on 11 March. This was the lowest value since 5 March 2024. As of 20 March, the price of TON had risen more than 55% from this low.
On 15 March, AFP reported that Pavel Durov had left France and was heading to Dubai with court permission. He had been there since August of the previous year, when he was arrested at the airport on charges of complicity with cyber criminals.
In early February it was announced that his case would not go to court for at least a year. This event coincided with the largest intraday rise since March 2024: on 15 March, the price of TON rose by 22.5%, an increase only surpassed on 24 March last year by +23.6%.
X
Growth of Telegram and blockchain ecosystem TON
In addition, on 20 March, Durov announced that Telegram had surpassed 1 billion monthly active users, becoming the second most popular messaging service in the world after WhatsApp (excluding China's WeChat). However, this statement did not have a significant impact on TON's price.
In addition to its integration with Telegram's services, the TON blockchain is known for its series of popular mini-games ('clickers' or 'tapalki') developed within the messenger. The main cryptocurrencies launched through these games, including Notcoin and Hamster Kombat, have a combined capitalisation of $760 million. Although they have shown growth over the past seven days, they remain below their all-time highs of 91% and 78%, respectively.
Notcoin alone, at its peak in March 2024, had a capitalisation of $2.5 billion, three times the combined value of all these projects as of 20 March 2025.
In addition to the declining interest in 'tapalki', the weak cryptocurrency price dynamics in the TON ecosystem could be linked to a general bearish sentiment in the crypto market. As noted by Alexander Peresichan, CEO of Tehnobit, for a new growth momentum, TON will need a more optimistic market climate and a new project or niche based on its blockchain.
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