- Toncoin whales have accumulated over 189,700 TON in three months.
- Heavy accumulation comes as TON activates the Catchain 2.0 upgrade.
- TON price rose to intraday highs of $1.32 and could target $1.89–$2.40 next.
Toncoin (TON), the native token of the Telegram-integrated TON blockchain, is trading higher as fresh buyer interest emerges. The token gained ground on Friday, hovering around $1.30, as large holders—commonly called “whales”—added to their positions during a tentative market recovery.
Toncoin tests the $1.30 zone amid whale accumulation
Over the past 24 hours Toncoin climbed roughly 4%, repeatedly testing the critical $1.30 resistance zone. The token touched an intraday high of $1.32 during Asian trading.
Trading activity picked up notably: volume spiked about 104% to roughly $160 million at the time of reporting, a roughly 45% increase from the previous day’s average. This uptick in turnover coincides with Bitcoin holding above $71,000 and renewed optimism for a further upside leg in the broader market.
Data show the 100 largest TON addresses have collectively accumulated an additional 189,730 TON over the last three months, a sign of sustained interest from major holders despite broader market headwinds. Market intelligence provider Santiment highlighted the accumulation as a potentially bullish signal, noting that large-scale buying could presage a quick relief rally once the crypto market shifts away from the recent bear phase.
Whale buying often indicates renewed confidence in a project’s fundamentals. For TON, that confidence centers on the expanding ecosystem of decentralized apps and mini-apps built to leverage the Telegram integration.
Momentum behind TON has strengthened alongside a major protocol upgrade: Catchain 2.0. The update is designed to boost block processing capacity and overall network throughput, improving transaction speeds and scalability.
Telegram CEO Pavel Durov commented on the upgrade, calling it the first step in a multi-stage initiative to enhance the network. He emphasized that the upgrade has substantially increased speed and that further steps will focus on reducing already low transaction fees.
The TON blockchain just got upgraded and is now 10× faster.
Block rate increased 6×.
Transactions are now instant, subsecond.
This was step 1 of 7 to Make TON Great Again (MTONGA).
Next step: cut the already low transaction fees by 6×.
— Pavel Durov (@durov) April 9, 2026
What’s next for Toncoin price?
Large-scale accumulation by major holders can often precede price reversals as those investors position for potential market rebounds. Technically, Toncoin remains in a downtrend that began in June 2025 after a peak above $8.20. Sustained selling since that peak has driven the token down roughly 84% from its high.
Bulls need confirmation to claim control. A decisive break above $1.35 could spark renewed upside momentum, with the next resistance cluster likely in the $1.89–$2.00 area. Heavy supply and profit-taking could appear near $2.40, which acted as a previous resistance zone.
On the downside, immediate support sits around $1.15. A close below $1.00 could accelerate selling pressure, potentially pushing the price down toward $0.85, a multi-month low.
In summary, recent whale accumulation and the Catchain 2.0 upgrade have improved sentiment around Toncoin. While the token shows early signs of recovery, traders should watch the $1.35 resistance level for confirmation of a sustained reversal and monitor key support levels in case selling resumes.