Toncoin jumps near $1.30 as whale buying fuels breakout hopes

• 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, could eye $1.89-$2.40 next.

Toncoin (TON), the cryptocurrency token of the Telegram-supported TON Blockchain, is trading higher on the day amid signs of renewed investor interest.

On Friday, the Toncoin price hovered at $1.30 as large holders, or “whales,” scooped up more tokens. The accumulation comes amid a tentative broader market recovery.

​Toncoin price tests $1.30 zone amid whale accumulation

Toncoin’s price has climbed 4% in the past 24 hours, hovering near the critical $1.30 resistance zone.

The token reached an intraday high of $1.32 during the Asian trading session.

Buyers helped push trading volume up, with the metric spiking 104% as of writing to $160 million, marking a 45% increase from the previous day’s average.

This uptick arrives as Bitcoin holds above $71,000 amid bets on a new leg to $80,000.

Notably, TON’s momentum aligns with this backdrop, particularly as the network’s 100 largest whale addresses have collectively scooped up an additional 189,730 $TON over the past three months.

This accumulation persists despite broader market headwinds.

Analysts at Santiment highlighted what’s likely bullish in a post:

“Even with the #29-ranked coin in crypto losing two-thirds of its market cap since its local top in early August 2025, this heavy accumulation is a promising sign that a relief rally may come quickly once crypto markets finally turn the page from this bear cycle.”

Whale activity often points to fresh confidence in a project, and the aggressive buying shows interest in Toncoin’s underlying ecosystem.

The token is tied to the Telegram-integrated TON blockchain, which continues to expand through decentralized applications and mini-apps.

TON price is looking to bounce higher as the community cheers the Catchain, an upgrade designed to boost network throughput and block processing capacity.

In a post on X, Telegram CEO Pavel Durov commented on how bullish this upgrade is for Toncoin, noting that it marks the first step in a 7-stage Make TON Great Again (MTONGA) vision.

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?

Such large-scale buying often precedes price reversals, as these investors position for potential rebounds.

Toncoin’s technical picture indicates that the price remains entrenched in a downtrend that began in June 2025, when it peaked above $8.20.

Persistent selling has resulted in a 84% decline in its value.

Bulls are not out of the woods yet, but a decisive break above $1.35 could ignite fresh upside momentum.

In this case, a potential target in a fresh rally would be the next resistance cluster around $1.89-$2.00. Significant supply pressure could follow at $2.40, an area of prior profit-taking deals.

Conversely, if sellers regain control, primary support levels beckon at $1.15.

A drop below $1.00 could accelerate selling toward $0.85, the multi-month low.