Toncoin
Developed by Open Platform (Top) and built on top of the Ton blockchain, the Ton wallet allows Telegram users to send and receive Stablecoins and other digital tokens as easily as sending messages. According to a CNBC report released Tuesday, this is the first time an independent wallet has been embedded into a mainstream messaging platform for the US market.
Top CEO Andrew Rogozov said the timing reflects a more favorable regulatory environment. “We’ve begun to see the US as a more interesting opportunity,” he told CNBC, adding that it helped Telegram users grow and cryptography-savvy viewers justify the launch.
To simplify the user experience, Ton Wallet uses a split key recovery model. A portion of the backup is linked to the user’s Telegram account, and the other is linked to an email, removing the need for seed phrases. “This is how we simplify the whole thing,” Rogozov said.
Ton Wallet supports staking, token swap, Zero Fee purchases with MoonPay, and on-ramp and off-ramp using debit cards. It also connects to distributed apps through Telegram’s “Mini Apps” platform, providing a complete Web3 experience within the APP.
As has been made public, Ton is trading at $3.4121, an increase of 3% over the past 24 hours, according to Coindesk data. Tokens have won 12.2% in the past week and 25.6% in the past month.
Technical Analysis Highlights
- According to technical analysis data from Coindesk Research, Ton recovered strongly in a 23-hour trading window from 18:00 UTC on July 21 to 17:00 UTC on July 22, delivering 10.15% Intray Surge at 13:00 UTC on July 22, supporting a unification of 46.32 million unification.
- The tokens decisively disrupted near $3.34 in key resistance, expanding trading range by $0.38 (11.84%) as momentum accelerated.
- In the final time from 16:39 to 17:38 UTC on July 22nd, the ton dropped from $3.53 to $3.44, weakening volume and falling out of 2.54% as it formed a low peak indicating a short-term pullback despite its strong overall bullish structure.
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