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The Open Network’s TON token is making a strong recovery, defying recent market odds after a prolonged downtrend. On-chain data indicates about 10% of TON holders are now back in profit, a significant shift from when nearly all holders were at a loss, signaling renewed bullish interest in the Telegram-linked token. This resurgence largely follows Telegram founder Pavel Durov revealing major investments into the project from top Silicon Valley VC firms . On March 26, Durov stated that prominent funds including Sequoia, Benchmark, Ribbit, Draper, and VY Capital had collectively invested over $400 million into the TON ecosystem. This substantial financial backing provides significant capital while also serving as a strong public endorsement of TON’s potential. Besides that, Durov has doubled down on The Open Network as the only scalable blockchain technology with sharding and the capacity to process transactions for billions of users. “It’s one of the few blockchain networks with real fundamental value,” he wrote. Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed Adding to the market optimism, on-chain data provider IntoTheBlock reported over 1.1 million TON tokens were withdrawn from tracked exchanges just yesterday (March 27). Such large-scale outflows often suggest investors are moving tokens into private custody for longer-term holding, a sign of accumulation. Related: TON Holders Soar to 90 Million, Marking 2400% Growth This activity typically reduces readily available selling pressure on exchanges and can contribute to upward price momentum. Market watchers often view sustained outflows as a precursor to further price gains. From a technical perspective, TON’s recent price chart displays a distinct V-shaped recovery pattern. Analysts monitoring the near-term charts highlight key resistance ahead for the token, primarily in the $4.80-$5.20 range. A decisive breakout and hold above this resistance zone could potentially position TON to retest highs seen last November. Consequently, traders are closely watching this level, with some reportedly considering spot purchases or using potential dips for incremental buys. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Telegram CEO Pavel Durov declared The Open Network (TON) the “backbone” of Telegram’s growing creator economy. His confidence finds support in over $400 million from prominent venture capital firms—including Sequoia, Benchmark, Ribbit, Draper, and VY; this indicates strong institutional belief in TON’s path. Over the past year, TON has become deeply integrated into Telegram; it serves as a core financial system for content creators and mini app developers. It’s now the exclusive method for creators to withdraw earnings and the preferred way to pay for Telegram Ads in many regions. Telegram’s in-app economy also uses TON for new features like Star Messages and tokenized digital gifts. Assets within the Telegram ecosystem, from usernames to digital gifts, are increasingly traded as TON-based NFTs. TON also is the blockchain for Telegram Mini Apps, which cements its essential role. According to Durov, TON’s ability to scale sets it apart from many blockchains that struggle with high demand. Its sharding capability allows TON to handle transactions for billions of users. Durov stresses this scalability as a key factor that provides real, fundamental value and attracts significant attention from tech and venture capital leaders. Related: TON Price Stalling? Analyst Flags Key Resistance As Durov Uncertainty Lingers On the technical front, crypto analyst CryptoPatel noted bullish signs for Toncoin (TON) after a rebound from the $2.50 support zone, based on analysis shared March 25th. Patel suggests TON’s bullish structure remains intact as long as the price holds above the $2.30 to $2.50 range; breakout targets discussed by analysts range from $20 to $100. Related: TON Ventures to Merge AI and Crypto: Telegram in the Mix As of press time, TON trades around $3.59 with a 24-hour volume near $150 million. The token holds a market cap near $9 billion with a circulating supply of approximately 2.5 billion TON, which supports liquidity across exchanges. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.