The post Toncoin Price Prediction: Will Bearish Trends Continue in 2025? appeared first on Coinpedia Fintech News
The altcoin industry has continued to bleed into the Bitcoin market again, as shown by the rising BTC dominance to nearly 60 percent. Toncoin (TON), the native coin for the Telegram-backed top-tier layer one (L1), has been bleeding profusely to Bitcoin for the past six months.
The large-cap altcoin, with a fully diluted valuation of about $25 billion and a 24-hour average trading volume of around $164 million, has been trapped in a correction mode against the U.S. dollar since early 2024.
As a result, the short-term outlook for the TON price remains bearish unless a sudden rebound happens.
Investor Sentiment Dips as Whales Stop Buying
The Toncoin ecosystem has seen slower growth, especially in terms of cash inflows from whale investors. Market data from Santiment shows that investors holding between 10 and 10,000 TON coins have sold more than 890,000 TON tokens since mid-2024, following the arrest of Telegram’s founder, pavel durov 
pavel durov
Pavel Durov is known within the global crypto community as a serial entrepreneur. who in the past has been associated with several successful startups including VKontakte. He was born in Leningrad, however, burned through the majority of his young life in Turin, Italy, where his dad was employed. In 2006, he moved on from the Philology Department of Saint Petersburg State University, where he got a five-star degree. Pavel Durov's initial life and profession are depicted exhaustively in the Russian-language book The Durov Code. The True Story of VK and its Creator. After leaving Russia, he got Saint Kitts and Nevis citizenship by giving $250,000 to the nation's Sugar Industry Diversification Foundation and got $300 million in real money inside Swiss banks.
EntrepreneurDeveloper/ProgrammerChief Executive Officer
, in France. This event added more pressure on Toncoin’s price.
Despite support from the Toncoin Foundation, the DeFi sector on the TON network has struggled to gain significant traction. Inal Kardan, a partner at TON Ventures, pointed out that the ecosystem has not gained the expected momentum.
However, Kardan is hopeful, stating that memecoins on the TON network could see a surge in demand in the near future, providing a potential boost to the ecosystem.
The Silver Lining for TON Ecosystem
Backed by Telegram, which has nearly 1 billion monthly active users, the TON ecosystem has gradually grown into a vibrant DeFi ecosystem. As of this writing, the TON ecosystem had a total value locked of about $272 million and a stablecoins market cap of around $1.4 billion, according to Defillama.
In a bid to stir up the DeFi growth prospect, the TON core developers recently released a detailed roadmap for the first half of 2025. The Accelerator kernel update on the mainnet is a huge deal for the TON network in the coming months. In addition to the support of a secure bridge to the Bitcoin ecosystem, the TON core developers are keen to enable a scalable DeFi ecosystem.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
0 Comments