TON Unveils $400M Treasury, Expands Wallet to 87M U.S. Users

The TON Foundation has unveiled a $400 million treasury initiative in collaboration with Kingsway Capital, marking a pivotal step in stabilizing the ecosystem and attracting institutional investors. Unlike traditional fundraising, this partnership leverages strategic alliances to build liquidity and incentivize developers. The treasury is supported by major U.S.-based venture capital firms, signaling strong institutional confidence in TON’s long-term potential [1]. Simultaneously, Telegram’s native TON Wallet has expanded to 87 million U.S. users, integrating token management and decentralized application (dApp) access directly into the messaging platform. This move aims to drive mass retail adoption by reducing onboarding friction, particularly in markets where Telegram’s user base is significant [1].

The dual developments position TON to bridge institutional and retail markets. The treasury’s focus on infrastructure, partnerships, and market-making activities addresses past volatility while the wallet’s user-friendly design aligns with the project’s goal of becoming a foundational layer for decentralized finance (DeFi) and Web3 services. However, the token’s price trajectory remains contingent on broader market conditions. At press time, TON trades at $3.17, having recovered from a dip to $3.05. Key resistance lies at $3.30, while support levels anchor around $3.10 and $3.05. With 24-hour trading volume down nearly 20%, momentum appears subdued, increasing the likelihood of price consolidation or a pullback unless buyers re-enter the market [1].

Technical indicators present a mixed outlook. The MACD suggests early bullish momentum, hinting at potential recovery if sentiment improves, while the RSI of 57.43 reflects moderate buying interest without overbought conditions. Analysts note that without sustained volume support, TON could face a 24.55% decline by December 2025, projecting a price range of $2.35–$2.39. Conversely, a rebound could offer up to 23.92% gains for investors, though these forecasts depend on market dynamics and project execution [1].

Critically, the integration of the Telegram wallet raises governance questions. While TON’s blockchain operates independently, the wallet’s reliance on Telegram’s infrastructure—a centralized platform—could influence user trust. The TON Foundation emphasizes that the launch reinforces decentralization and open-source principles, but the project’s success will hinge on executing its roadmap, including decentralized exchanges and cross-chain bridges. The $400 million treasury provides a buffer for these initiatives, yet sustained growth requires innovation and community engagement.

The rollout underscores TON’s strategic pivot to scalability and accessibility. By leveraging Telegram’s 800 million active users, the wallet could accelerate token adoption, particularly among existing platform users. Institutional backing further validates TON’s potential, but regulatory clarity and competitive differentiation will shape its trajectory. For now, the market remains cautious, balancing optimism over infrastructure upgrades with uncertainty about volume sustainability.

Sources:

[1] ["TON's $400M Treasury and Wallet Launch in the U.S."](https://coinedition.com/oncoin-400m-treasury-telegram-wallet-price-analysis/)