Toncoin Surges Above December Resistance: What Does This Mean?
Toncoin (TON), a prominent altcoin, has seen a 2% increase over the past day and an impressive 12.5% gain over the last week. This surge in price is generating buzz, but is it the right choice for investors right now? Here’s everything you need to know about Toncoin’s recent performance, along with expert opinions and market trends.
What’s Driving Toncoin’s Bullish Momentum?
Experts credit several factors for Toncoin’s recent price surge:
- Telegram Launches Self-Custodial Wallet: Telegram, one of the world’s leading messaging platforms, recently introduced a self-custodial wallet for its U.S. user base, significantly boosting Toncoin’s demand.
- Anthony Scaramucci’s Endorsement: Founder of Skybridge Capital, Anthony Scaramucci, has named Toncoin among his top three crypto picks for 2026. Scaramucci disclosed he bought Toncoin when it was priced at $7.50, adding credibility to the token’s potential.
At the time of writing, Toncoin is trading at $1.72. While this is a far cry from its previous highs, the breach of its December supply zone is sparking renewed interest among traders and investors alike.
Analyzing On-Chain Metrics: The Good and the Bad
Despite Toncoin’s price rally, its on-chain metrics paint a mixed picture:
Positive Indicators:
- The Open Interest in Toncoin has been climbing, reflecting growing trading activity since October 2025.
Negative Indicators:
- Mean Coin Age: This indicator has stagnated since October, suggesting a lack of extensive accumulation by long-term holders.
- MVRV Ratio: Although it’s rising, it remains in the negative, indicating that the average holder in the past three months is still at a loss.
- Supply Distribution: Larger investors are shedding Toncoin, as evidenced by a drop in wallets holding over 1,000 TON tokens.
Additionally, data from Token Terminal highlights that Toncoin’s weekly active user growth has flattened over the past year, showing a plateau in adoption rates.
Market Outlook and Final Verdict
Despite the short-term rally in Toncoin’s price, the broader altcoin market faces challenges. Bitcoin’s dominance, along with the proliferation of ETFs and institutional adoption, has kept altcoins less competitive in 2025. Historical data suggests Bitcoin remains a stronger long-term investment for most portfolios.
That said, Toncoin may see a short-term bounce from its $1.70 support level, with potential retracement to $1.89 or $2.01. However, given the less-than-encouraging on-chain metrics and broader market dynamics, investors are advised to exercise caution.
Recommended Product for Crypto Investors
If you are managing a diverse cryptocurrency portfolio, consider using Ledger Nano X, a trusted hardware wallet renowned for its robust security and user-friendly interface. This tool ensures your investment in assets like Toncoin is securely stored.
Disclaimer: Cryptocurrency investments carry high risks. Conduct thorough research and consult with a financial advisor before investing.
