Ton is entering a high level of expectation as the two main catalysts emerge simultaneously. It’s a digital asset financing strategy tailored to a $250 million buyback program and a Telegram Ecosystem.
But behind this optimism, the market still faces heavy “walls” and major zones of resistance.
Institutional push
Toncoin has attracted attention for its series of institutional-level moves. The official announcement of Ton Strategy’s $250 million repurchase programme shows capital growth expectations and aggressive capital management, but not all repurchase programs will help raise token prices.
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At the same time, Alphaton Capital recently launched a digital asset financing strategy focused on the Telegram Ecosystem. The company is expected to initially accumulate tons worth around $100 million, create additional institutional demand channels, expanding storage and utility possibilities.
Previously, verb technology had more than $780 million in ton assets, marking a strategic shift towards toncoin as its main reserve asset.
Tons at important junctions
On the market side, Toncoin trades in the $3.1-3.4 range, well below its recent short-term peak. Typically, the emergence of Treasury funds and buyback programs helps reduce circulating supply and strengthen emotional retention.
From a technical perspective, some analyses show that TONs integrate within triangular patterns. It is often a precursor to a major price movement. Analyst Ali points out that prices could sway as much as 50% if a critical breakout occurs.

However, in the short time frame, the market faces a major “selling a wall.” Before reaching $3.525, Tonne will have to break through three more sales barriers.

In the short term, the dynamics of supply demand are clear. Ton has been repeatedly rejected in the $3.4-3.45 zone, widely seen as a strong supply block. Without sufficient purchasing pressure, the price could retest the $3.00-$3.27 level before choosing the next direction. In a less optimistic scenario, Ton could even retreat towards $2.68.
“The market structure shows that eql is formed, which often serves as a fluid magnet. A clean sweep here can promote movement into the imbalance zone,” says one X user.