Toncoin Extends Rally as Telegram Launches Integrated Wallet for 87M U.S. Users
Toncoin (TON) rose 3% to $3.41 on Monday as Telegram began the phased rollout of its integrated self-custodial TON Wallet to 87 million users across the United States, enabling seamless crypto payments and staking within the messaging app.
Developed by The Open Platform (TOP) and powered by the TON blockchain, the new wallet allows Telegram users to send, receive, and manage digital assets—including stablecoins—directly through the app, eliminating the need for external downloads, browser extensions, or third-party logins.
This marks the first time a self-custodial crypto wallet has been embedded into a mainstream messaging platform for the U.S. market, according to a CNBC report.
TOP CEO Andrew Rogozov pointed to an evolving regulatory landscape in the U.S. as a key factor behind the launch. “We started considering the U.S. as a more interesting opportunity for us,” Rogozov told CNBC, noting that Telegram’s user base and crypto adoption levels made it a natural fit.
To streamline onboarding, TON Wallet introduces a split-key recovery system. One half of the recovery data is linked to the user’s Telegram account and the other to their email, eliminating the need for traditional seed phrases. “This is how we simplify the whole thing,” said Rogozov.
Beyond wallet functionality, the app supports staking, token swaps, zero-fee purchases via MoonPay, and fiat on- and off-ramps through debit cards. It also integrates with decentralized applications via Telegram’s “Mini Apps” feature, offering a full Web3 experience natively inside the platform.
According to CoinDesk market data, TON was trading at $3.4121 at press time, up 3% in the last 24 hours. The token has gained 12.2% over the past week and 25.6% over the past month, driven by increased adoption, product integration, and improving sentiment.
Technical Analysis Snapshot:
- Toncoin rallied from $3.25 to $3.58 between July 21 at 18:00 UTC and July 22 at 17:00 UTC, marking a 10.15% intraday surge backed by trading volume of 46.32 million units.
- The breakout above key resistance at $3.34 expanded TON’s range by $0.38 (11.84%), indicating strengthening momentum.
- In the final hour of the session (16:39–17:38 UTC on July 22), TON dipped from $3.53 to $3.44, posting a 2.54% pullback on reduced volume, while still maintaining a broader bullish trend.
