Nasdaq Raises $558M for Toncoin, Triggers Supply Shock
Nasdaq-listed Verb Technology has completed a $558 million private placement to acquire Toncoin (TON) as a treasury asset. More than 110 institutional and crypto-native investors, including Blockchain.com, Kraken, Pantera, Ribbit Capital and Animoca, joined the round. Verb plans to rebrand as TON Strategy Co. on August 7, 2025, and will hold 77% of its Toncoin reserves for dip buying, liquidity support and volatility buffering. The deal removes about 5% of TON’s circulating supply, triggering a supply shock that could drive a price rally. On-chain data shows TON trading above its 20-day moving average and near the lower Bollinger Band, with Fibonacci extension targets at $3.90 and $4.20. A break above $4.50 may spark further momentum. Traders may see short-term consolidation between $3.30 and $3.55, with dips near $3.20 as buying opportunities. In the long term, treasury staking yields and Telegram integration could establish a higher price floor, positioning Toncoin as an institutional-grade crypto asset.
Bullish
The private placement removes roughly 5% of Toncoin’s circulating supply, creating a clear supply shock that supports upward price momentum. Institutional backing from over 110 investors underscores growing confidence in Toncoin’s staking potential and Telegram ecosystem use. In the short term, technical indicators suggest consolidation and retrace levels that offer buying opportunities near $3.20, with breakout potential above $4.50. Over the medium term, treasury staking and planned liquidity support may stabilize volatility and establish a higher valuation floor. Historically, similar large-scale token holds by public firms have led to sustained price rallies. This combination of supply reduction, strong institutional demand and strategic treasury planning makes a bullish outlook on Toncoin’s price justified.