Toncoin (TON) has slipped below the $3 mark, driven by concerns over upcoming token unlocks that could further pressure its price. Analysts suggest the cryptocurrency might dip to $2.61. Despite the downturn, institutional investors are seizing the opportunity to accumulate TON, indicating confidence in its long-term potential.
Notably, TON Strategy (NASDAQ: TONX) has staked 82% of its holdings and announced a $250 million buyback program, funded by staking revenues. Meanwhile, AlphaTON Capital has already invested $30 million in TON and plans to expand its treasury to $100 million by the end of the year, underscoring institutional belief in the asset's future growth.
Toncoin Falls Below $3 as Institutions Eye Long-Term Gains
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.