Telegram Unveils TON Wallet in U.S., Toncoin Jumps 18%
Telegram has launched a native TON Wallet for 87 million U.S. users, enabling Toncoin (TON) storage, transfers, staking and recovery via a linked account or email—no seed phrase required. Developed by The Open Platform on the TON blockchain, the non-custodial wallet integrates deposit and withdrawal processing through MoonPay. Following regulatory delays and a successful beta test, the U.S. rollout drove Toncoin’s price up 18% in one session, with trading volume jumping 45% and on-chain transactions rising 30%. Major exchanges have listed the integrated wallet feature, and Telegram plans to extend the wallet to its full 800 million global user base by year-end. Traders should monitor Toncoin liquidity, potential network congestion, and evolving U.S. regulations as these factors could shape both short-term momentum and long-term adoption.
Bullish
The launch of Telegram’s integrated TON Wallet is bullish for Toncoin, as it lowers barriers to entry, enhances user experience, and promises mass adoption among 87 million U.S. users, with expansion to 800 million globally. The observed 18% price surge, 45% jump in trading volume and 30% increase in on-chain activity reflect strong demand and network growth. In the short term, increased liquidity and exchange listings should support further price gains, though traders should watch for potential network congestion. Over the long term, seamless wallet integration within a major messaging platform could cement Toncoin’s market position, attract DeFi projects and sustain a positive price trajectory, barring adverse regulatory developments.