Nasdaq Don Raise $558M for Toncoin, E Trigger Supply Shock
Verb Technology wey dey for Nasdaq don finish private placement of $558 million to buy Toncoin (TON) as dem treasury asset. More than 110 institutional and crypto investors like Blockchain.com, Kraken, Pantera, Ribbit Capital and Animoca join this round. Verb get plan to change dem name to TON Strategy Co. on August 7, 2025, and dem go keep 77% of the Toncoin wey dem get for dip buying, to support liquidity and reduce wahala from price movement. This deal go remove about 5% of the TON wey dey circulate, e fit cause supply shock wey fit make price go up. Data show say TON dey trade above the 20-day moving average and near the lower Bollinger Band, with Fibonacci extension goals at $3.90 and $4.20. If e break pass $4.50, e fit bring more momentum. Traders fit expect short-term consolidation between $3.30 and $3.55, with dips near $3.20 as buy chance. For long-term, treasury staking yields and Telegram integration fit establish higher price floor, make Toncoin be institutional-grade crypto asset.
Bullish
Di private placement dey reduce Toncoin circulating supply roughly 5%, e create clear supply shock wey dey support upward price momentum. Institutional backing from pass 110 investors show how confidence dey grow for Toncoin staking potential and Telegram ecosystem use. For short term, technical indicators dey suggest consolidation and retrace levels wey fit provide buying opportunities near $3.20, plus breakout potential above $4.50. For medium term, treasury staking and planned liquidity support fit stabilize volatility and set higher valuation floor. Historically, big token holds like dis by public firms don lead to steady price rallies. This combination of supply reduction, strong institutional demand and strategic treasury planning make bullish outlook on Toncoin price justified.