Toncoin (TON) extended its impressive rally Monday after Telegram began rolling out its TON Wallet to 87 million users across the United States. The update enables seamless crypto transfers and staking directly within the messaging app’s interface — with no need for external downloads, extensions, or logins.
The TON Wallet, developed by The Open Platform (TOP) and built on the TON blockchain, allows Telegram users to send and receive stablecoins and other digital tokens as easily as sending a message. According to a CNBC report published Tuesday, this marks the first time a self-custodial wallet has been embedded in a mainstream messaging platform for the U.S. market.
TOP CEO Andrew Rogozov said the timing reflects a more favorable regulatory climate. “We started considering the U.S. as a more interesting opportunity for us,” he told CNBC, adding that Telegram’s user growth and crypto-savvy audience helped justify the launch.
To simplify the user experience, the TON Wallet employs a split-key recovery model. One part of the backup is linked to the user’s Telegram account and the other to their email — removing the need for a seed phrase. “This is how we simplify the whole thing,” Rogozov said, emphasizing the company’s goal to remove friction from crypto onboarding.
TON Wallet supports staking, token swaps, zero-fee purchases via MoonPay, and on- and off-ramps using debit cards. It also connects to decentralized apps through Telegram’s “Mini Apps” platform, offering a complete in-app Web3 experience.
As of publication, according to CoinDesk Data, TON is trading at $3.4121, up 3% over the past 24 hours. The token has gained 12.2% over the past week and 25.6% over the past month, driven by increased usage, platform integration, and bullish investor sentiment.
Technical Analysis Highlights
- According to CoinDesk Research's technical analysis data., TON rallied strongly during the 23-hour trading window from July 21 18:00 UTC to July 22 17:00 UTC, climbing from $3.25 to $3.58 and delivering a 10.15% intraday surge at 13:00 UTC on July 22, supported by 46.32 million units of trading volume
- The token broke decisively above key resistance near $3.34, expanding its trading range by $0.38 — or 11.84% — as momentum accelerated.
- In the final hour from 16:39 to 17:38 UTC on July 22, TON dropped from $3.53 to $3.44, shedding 2.54% amid weakening volume and forming lower peaks that signaled a short-term pullback despite strong overall bullish structure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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