- TON surged 8.33% to $1.60, outperforming the broader crypto market.
- Telegram’s new COCOON AI network and tokenized stock trading boosted excitement.
- Institutional support, new listings, and strong technicals reinforced the breakout.
TON, the native token powering the Telegram-affiliated blockchain, jumped 8.33% over the past 24 hours to reach $1.60, decisively outperforming the broader crypto market. While the CoinDesk 20 index gained about 4% in the same period, TON’s upward move was fueled by increased volume, strong technical signals, and a series of high-impact ecosystem developments.
Major Catalyst: Telegram-Integrated AI Network COCOON
The rally intensified after TON published its October ecosystem recap, showcasing one of its most ambitious launches yet: COCOON — a decentralized AI network created by Telegram founder Pavel Durov. Integrated directly into Telegram’s 900 million-user ecosystem, COCOON aims to unify financial applications and AI tools, positioning TON as a core infrastructure layer for next-generation decentralized AI and DeFi.
Expanding Utility: Stocks, NFTs, and Cross-Chain Support
The latest surge is also tied to a wave of new integrations across the TON ecosystem:
- Telegram wallets now support tokenized U.S. stock trading, tapping into a massive retail audience.
- Lamborghini launched digital collectibles on TON, boosting mainstream brand visibility.
- Chainlink designated TON as a cross-chain standard, making it easier for developers to build data-rich applications.
- TON listings expanded, with Bitstamp joining Coinbase Ventures and Gemini in backing the network’s growth.
Meanwhile, TON’s leading DEX, STON.fi, continues to show rising TVL and trading volumes, driven by fresh yield-farming programs.
Technicals Support the Move
From a market structure standpoint, TON confirmed a breakout from a double-bottom formation. Trading volume climbed 15%, and RSI bounced from oversold levels — both signals pointing to renewed bullish momentum, according to CoinDesk Research’s technical model.
