- Tonquin whales collected more than 189,700 tons in three months.
- The heavy buildup comes when TON activates the Catchain 2.0 upgrade.
- The price per ton rose to intraday highs of $1.32 and could be looking at $1.89-2.40 after that.
Toncoin (TON), the cryptocurrency token of the TON Blockchain backed by Telegram, is trading higher today amid signs of renewed investor interest.
On Friday, the price of Toncoin reached $1.30, as large holders, or “whales,” acquired more tokens. The accumulation comes amid a broader temporary rebound in the market.
Toncoin price tests $1.30 area amid whale accumulation
Toncoin price has risen by 4% in the past 24 hours, hovering near the critical resistance area at $1.30.
The token reached an intraday high of $1.32 during the Asian trading session.
Buyers helped lift trading volume, with the metric up 104% as of writing to $160 million, representing a 45% increase from the previous day’s average.
This rise comes as Bitcoin holds above $71,000 amid bets on… A new leg goes for $80,000.
It is worth noting that TON’s momentum is in line with this backdrop, especially since the network’s 100 largest whale addresses have collectively harvested an additional 189,730 tons over the past three months.
This accumulation continues despite broader market headwinds.
Analysts at Santiment highlighted the potential upside in… mail:
“Even as the No. 29 ranked cryptocurrency has lost two-thirds of its market value since its local peak in early August 2025, this heavy accumulation is a promising sign that rising relief could come quickly once cryptocurrency markets finally turn the page from this down cycle.”
Whale activity often indicates new confidence in the project, and aggressive buying shows interest in the underlying Toncoin ecosystem.
The token is linked to the TON blockchain built into Telegram, which continues to expand through decentralized applications and mini-apps.
The price of TON is looking to rise as the community cheers for Catchain, an upgrade designed to boost network throughput and block processing capacity.
In a post on
The TON blockchain has just been upgraded and is now 10 times faster.
The mass rate increased by 6×.
Transactions are now instant, without a second.
This was step 1 of 7 to Make TON Great Again (MTONGA).
Next step: Reduce already low transaction fees by 6x.
– Pavel Durov (@durov) April 9, 2026
What’s next for Toncoin price?
Such widespread buying is often preceded by price reversals, as these investors brace for potential bounces.
Toncoin’s technical picture suggests that the price remains entrenched in a downtrend that began in June 2025, when it peaked above $8.20.
The continued selling has reduced its value by 84%.
The bulls are not out of the woods yet, but a decisive break above $1.35 could spark new bullish momentum.
In this case, the likely target on the new rise would be the next resistance range around $1.89 – $2.00. This could be followed by a significant bid squeeze at $2.40, the area of previous profit taking trades.
Conversely, if sellers regain control, key support levels will settle at $1.15.
A drop below $1.00 could accelerate the sell-off towards $0.85, a multi-month low.
