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Toncoin price gains amid volume spike: is $2 next for TON?

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Meme coins swing wildly as Zerebro, Fartcoin, and Lofi diverge
Meme coins swing wildly as Zerebro, Fartcoin, and Lofi diverge
  • Toncoin price is up 4% as key metrics like volume and TVL rise.
  • A breakout above the $1.50 zone could result in upside momentum.
  • If broader sentiment doesn’t invalidate the outlook, the next target could be above $2.

Toncoin (TON) is demonstrating resilience as a challenging crypto market sees several altcoins slump to new lows.

The token trades around $1.37 with a modest 4% gain in 24 hours, and it’s seeing a notable surge in trading volume.

The total value locked is also up and highlights a potential strength that could embolden bulls and allow them to target the $2.00 mark.

Toncoin’s bullish outlook, however, could be tempered by the broader sentiment across major cryptocurrencies.

Bitcoin, which trades around $65,800 as bulls struggle with macro headwinds, highlights the bearish dangers.

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Toncoin gains amid volume spike

Toncoin’s intraday gains to $1.37 buck the trend that saw BTC dip to under $65k before posting a slight recovery.

Other coins, including Ethereum, BNB and XRP, have notched downward moves amid growing negative sentiment in an increasingly risk-averse environment.

The 25% spike in daily trading volume to $80 million reflects the cryptocurrency’s likely upward strength.

Buyers have also bumped up open interest in TON, currently at $182 million.

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While long positions account for nearly 70% of the “rekt” value in the past 24 hours, data shows more shorts have been liquidated in the past 12 hours.

Additionally, TON’s Total Value Locked (TVL) in DeFi protocols has climbed to $165 million.

The global defi TVL stood at $204 billion at the time of writing, but was less than 0.7% up in the past 24 hours.

In comparison, TON had its TVL up by nearly 2% to signal increased interest in protocols on The Open Network.

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Meanwhile, the stablecoin market cap on TON has also risen to $941 million, with USDT dominance at 79%.

These metrics suggest capital rotation into TON, rather than gains being driven by broad speculation.

TON price prediction: Is $2 next?

Toncoin approaches a pivotal technical juncture on the daily chart. Gains to intraday highs have bulls testing resistance from a descending trendline that has capped upside since late 2025.

Toncoin Price Chart
Toncoin price chart by TradingView

A successful breakout could allow bulls to target the 50-day EMA. This hurdle currently sits near $1.48, a level aligning with recent consolidation zones and a key resistance line since Dec. 2024.

If the supply zone paves the way amid overall bullish sentiment, momentum could drive TON toward the 200-day EMA around $2.0.

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This outlook might strengthen if neutral RSI readings near 43 flip higher and the daily MACD invalidates the bearish hint.

However, Bitcoin’s ongoing selloff pressure amid deleveraging and ETF outflows might pose a downward risk for the token.

Currently, macroeconomic headwinds have dragged BTC back to the $65k area.

A similar outlook for TON could bring the $1.12 support level into view.

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Crypto World

Doordash crypto wrench attack suspects charged, report

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Doordash crypto wrench attack suspects charged, report

Three suspects in a crypto wrench attack ring have been charged, according to reporting from the San Francisco Chronicle.

According to the reporting, the three men have been charged in two specific crimes, but police believe that they’re part of a larger operation and are tied to several similar crimes.

The criminals apparently used a similar technique for these crimes, namely:

  • Identifying a major cryptocurrency holder.
  • Researching and surveilling that cryptocurrency holder. A detective who spoke to the Chronicle described this, saying, “They figure out your trends, your life cycle, what do you normally order online, What do you normally order for takeout?”
  • The criminals attempt to gain access to accounts; in the case of one victim who spoke to the Chronicle, “for me, it was my DoorDash and Uber Eats accounts.”
  • The criminals would then create a fake delivery, meet the victim at the door, and then threaten them.

Wrench attacks are inherent risk

Cryptocurrency’s censorship-resistant transfers as well as its pseudonymous nature make holders an attractive target for these types of attacks.

These attacks that don’t try to bypass the cryptographic security that protects the assets but use threats and violence to influence the person who has access to the keys.

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Indeed, kidnappings and extortion have become an international problem for cryptocurrency holders and firms.

Read more: French crypto tax firm targeted in ShinyHunters extortion attempt

These attacks have included French firm Waltio and UK-based Sillytuna.

France has become something of a leader when it comes to this type of activity, with even Ledger co-founder David Balland targeted.

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The utility of cryptocurrency for this type of attack has resulted in even non-cryptocurrency holders having ransoms demanded in bitcoin (BTC). Prominently, Nancy Guthrie, the mother of TODAY Show host Savannah Guthrie, has been kidnapped and her apparent kidnappers have sought the ransom in BTC.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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BTC Accumulation Hits 4.37M as Network Activity Sends Mixed Signal

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Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Market Analysis, Bitcoin Adoption, Bitcoin ETF, Bitcoin Reserve

New data suggests that Bitcoin (BTC) could be moving closer to a bull market phase as its supply slowly shifts back into long-term, retail-investor-linked wallets. The figure surpassed 4 million BTC in Q1 2026.

The accumulation trend aligns with a rise in Bitcoin network activity index to levels last seen in April 2025, signaling a return of stronger network activity.

Bitcoin long-term wallets expand holdings

CryptoQuant data shows that balances held by accumulating address cohorts continued to rise into Q1 2026. The total BTC held by these cohorts has crossed 4.37 million BTC as of April 7, up from about 2 million BTC in early 2024, signaling sustained supply absorption.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Market Analysis, Bitcoin Adoption, Bitcoin ETF, Bitcoin Reserve
BTC balance held by accumulating address cohorts. Source: CryptoQuant

The retail-investor-linked accumulation addresses added roughly 857,000 BTC, while the accumulating pattern wallets, defined as addresses that steadily add BTC at recurring intervals with minimal outflows, expanded to 1.29 million BTC.

This growth occurred while the price remained capped below $70,000 throughout the first quarter of 2026.

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In contrast, the inflows from centralized exchanges and highly active addresses have slowed. During the 2023–2024 expansion phases, the inflows often exceeded 1.2 million to 1.5 million BTC. The recent activity has averaged 300,000 to 350,000 BTC.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Market Analysis, Bitcoin Adoption, Bitcoin ETF, Bitcoin Reserve
Bitcoin inflows by address activity type. Source: CryptoQuant

The divergence shows a shift in coin distribution. More BTC is moving into long-term wallets, while fewer coins are circulating on the exchanges. This indicates a tightening of the liquid supply and a reduction in short-term trading turnover.

Related: Bitcoin holds $67K support as data exposes price to sentiment divergence

Bitcoin network activity index highlights the trend

The CryptoQuant Bitcoin network activity index has climbed to 3,600 from 3,320 on March 22. The index aggregates broader usage signals, including transaction counts and network throughput. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Market Analysis, Bitcoin Adoption, Bitcoin ETF, Bitcoin Reserve
Bitcoin network activity index. Source: CryptoQuant

As observed in the chart, it has moved above its 365-day moving average for the first time since December 2024 and entered the “bull-phase” classification for the first time since April 2025.

In parallel, Bitcoin’s active addresses momentum dropped to -0.25 on April 6, the lowest reading since April 2018. The metric tracks the rate of change in active addresses, with negative values pointing to declining user participation.

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Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Market Analysis, Bitcoin Adoption, Bitcoin ETF, Bitcoin Reserve
BTC active addresses momentum. Source: CryptoQuant

The low activity levels have persisted since July 2025, echoing a similar stretch in 2024 that preceded a 35% price decline.

According to crypto analyst Gaah, the drop in activity signals the absence of short-term participants, or “tourists.” The network usage is now dominated by long-term holders focused on accumulation.

Historically, low readings have aligned with profitable accumulation phases. The reduced activity often coincides with lower sell pressure as the coins move into long-term wallets. 

Related: Bitcoin’s quantum challenges are ‘more social than technical’: Grayscale