STONfi Secures $9.5M Series A as Toncoin Rises 4.46% Toward $4.00 Resistance

STONfi, the leading decentralized exchange on the TON network, has secured a $9.5 million Series A funding round led by fintech firms Ribbit Capital and CoinFund. This marks a significant step for the TON ecosystem, as it brings institutional credibility and resources to bolster the development of DeFi infrastructure. STONfi currently accounts for 80% of all DeFi users on TON and has processed over $6 billion in total volume, highlighting its established user base and operational maturity [1].

With the new capital, STONfi is accelerating the rollout of advanced features aimed at attracting both institutional and retail investors. These include concentrated liquidity options for liquidity providers, native limit orders for traders, and cross-chain swaps facilitated by the Omniston protocol. The introduction of these tools is expected to elevate STONfi beyond a standard DEX and position it as a competitive player in the broader DeFi space [1].

The price of Toncoin has responded positively to these developments. As of July 12, 2025, Toncoin is trading at approximately $3.66, up 4.46% in a single day. Technical analysis shows consistent bullish momentum, with the TON/USD pair breaking through the upper Bollinger Band—a sign of potential continued upward movement. The price is currently approaching key resistance levels identified through Fibonacci extensions, with $4.00 and $4.40 as potential short-term targets. A sustained push past $4.50 could eventually open the door to a $5.00 level, which represents both a psychological threshold and historical resistance from early Q2 [1].

Volume and sustained momentum will be critical in confirming the strength of the current rally. Two consecutive strong daily closes above $3.70 with rising volume could solidify the move toward $4.00 within the next few weeks. However, risks remain. Delays in feature deployment or an inability to attract additional liquidity could hinder progress. Furthermore, TON still lags behind more mature blockchains like Ethereum and Solana in terms of developer engagement and ecosystem breadth [1].

Institutional backing is a strong vote of confidence for TON’s long-term potential, but it is not a guarantee of immediate price appreciation. The platform is increasingly demonstrating real-world utility and infrastructure depth, moving beyond its origins as a Telegram-based project. If the bullish trend holds and key features are delivered on schedule, the TON price could see further upward movement, potentially reaching the $5.00 level. Investors should closely monitor price behavior around $3.70 and the breakout zone between $4.00 and $4.40 for confirmation of the next phase [1].

Source: [1] Toncoin Just Got a $9.5M Boost: Is a Breakout to $5 Next? (https://cryptoticker.io/en/toncoin-just-got-a-dollar95m-boost-is-a-breakout-to-dollar5-next/)