A day ago, several reports claimed that TON had secured $400M in funding from elite VCs, sparking a potential strategic pivot in the L1 race. Various accounts on X, formerly Twitter, shared the news after misunderstanding a previous post by the TON Foundation X account.

The growth of dApps on TON blockchain could serve as precedent toa potential price hike for the L1 altcoin.

The crypto market is showing signs of strength as major assets regain momentum. With Bitcoin (BTC) stabilizing near $84,000, investors are shifting their focus to altcoins that have the potential for significant growth. Among them, Toncoin (TON) has surged by 32% in the past week, leading many to believe that it could push even higher.

Bitcoin's (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin's price below $87,500.Although the upside is currently restricted, select analysts believe that the downside is limited.

The monthlong consolidation in the crypto industry is on again, with Toncoin (TON) showing a rare growth trend. Per market data, TON has successfully decoupled from Bitcoin over the trailing seven-day period while maintaining its status as the best-performing altcoin in the top 20.

The TON Foundation has secured over $400 million from major venture capital firms, reflecting growing investor confidence in the TON blockchain.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Toncoin in greater detail. Ethereum (ETH) For the first time in over three weeks, Ethereum closes the past seven days in green with almost a 4% gain.

Several venture capital firms have invested over $400 million in Toncoin, the native cryptocurrency of the TON blockchain.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The TON Foundation will tap a group of Tier 1 VC backers, to raise another $400M in a token-based deal, with additional TON sales.

The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem. Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.

Update (March 20 at 4:41 PM UTC): This article has been updated to clarify that the token sale was not directed at the TON Foundation. The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem.

Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, CoinFund, according to a press release.

TON Foundation successfully closed more than $400 million in token-based funding from some of the most reputable venture capital firms. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway.

The TON Foundation said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying Toncoin.

The Solana price is struggling to maintain momentum despite celebrating its fifth anniversary, as SOL battles market-wide declines and issues surrounding meme coin scams. Meanwhile, Toncoin (TON) is making waves, surging 36% after major news surrounding its founder.

Following Pavel Durov's permitted leave for Dubai, Toncoin has been faring quite well.

Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending.

Toncoin: the only cryptocurrency for payments on Telegram

Toncoin (TON), the native token of The Open Network blockchain, has recorded a massive spike within the hour. According to CoinMarketCap data, TON surged by a significant 6% in price action, rising to $3.58 within the last 60 minutes.

While the economic outlook is still very uncertain, and the stock market is down, if President Trump has his way, a major pivot could be on the horizon. Binance Coin (BNB) and Toncoin (TON) are in the green on Tuesday and both are at breakout zones.

Telegram co-founder Pavel Durov has finally returned to Dubai after spending months in France about an investigation into illegal activities in the messaging platform. French authorities have placed Durov under judicial supervision since August 24, 2024.

More gains ahead for TON?

The Open Network's TON is the week's biggest gainer among high-cap coins after Telegram's founder won a temporary exit from France.

The price of Toncoin (TON) is falling after its rejection of the recent high. TON price analysis by Coinidol.com.

On March 15, the TON Foundation announced that the French authorities had returned Pavel Durov's passport. He was now able to leave France.

Pavel Durov, Telegram founder, arrested for allegedly facilitating crime, had his passport returned by French authorities, ending a lengthy battle for freedom of speech. The TON (The Open Network) token, associated with Telegram, surged 20% after the news, rising above $3.45.

Toncoin (TON) price surged 20% after Telegram founder Pavel Durov received permission to temporarily leave France amid ongoing legal troubles.

It seems that the strong and long retracement that began back in December has come to an end.

Toncoin's open interest (OI) jumped 67% on March 15, 2025, hitting $169 million after reports emerged that Telegram founder Pavel Durov left France.

The cryptocurrency market witnessed a significant rebound last week, ably supported by leading memecoins and Telegram-linked Toncoin. What happened: BNX, the native token of the GameFi platform BinaryX, topped the gainers list, exploding over 60% over the week.

Pavel Durov has been granted judicial approval to temporarily leave France—but what does this mean for Telegram's regulatory battle?

Here is how some of your favorite assets concluded the week.

Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience.

Toncoin (TON) has jumped nearly 15% over the weekend after French authorities permitted Telegram founder Pavel Durov to leave the country.

The TON price has reclaimed the $3 mark with an over 20% spurt on Saturday, March 15. This price spike was triggered by the news of a French court approving the departure of Telegram founder Pavel Durov from France.

The high trading volume alongside the 25% price bounce in four days indicated short-term bullishness.

Toncoin's Open Interest (OI) surged by 67% in the past 24 hours, coinciding with reports that Telegram founder Pavel Durov has left France. The post Toncoin Open Interest Surges 70% as Telegram's Pavel Durov Reportedly Leaves France appeared first on Cryptonews.

The market is mainly bullish today, however, some coins remain in the red zone, according to CoinStats.

Toncoin (TON) has surpassed Stellar (XLM) in market capitalization following a 22% price surge, propelling TON up the cryptocurrency rankings. With a market capitalization of $8.59 billion, Toncoin ranks as the 14th largest cryptocurrency, ahead of Stellar's market capitalization of $8.37 billion.

Toncoin (TON) has surged by over 50% in the past week, fueled by news that Telegram founder Pavel Durov has been granted permission to leave France for Dubai. TON/USDT weekly price chart.

Toncoin price has risen by 45% from its lowest level this month after Pavel Durov was allowed to leave France after months. Toncoin (TON) rose to a high of $3.6240 on Saturday, its highest level since Feb.

TON is among the few alts with notable gains over the past day.

Since the announcement of the release of Pavel Durov, founder of Telegram, Toncoin (TON) has experienced a spectacular rise of over 50%. The crypto market, responsive to good judicial news, reacted immediately to the delight ofTON enthusiasts.

Toncoin Open Interest (OI) has jumped 67% over the past 24 hours following Telegram founder Pavel Durov's reported departure from France, where he had been required to stay since his arrest six months ago.On March 15, Toncoin (TON) OI — a metric tracking the total number of unsettled Toncoin derivative contracts such as options and futures — reached $169 million, representing a 67% increase from the previous day when the reports of Durov's departure first surfaced, according to CoinGlass data. Toncoin open interest reaches highest level in 42 days It is the highest level of OI in Toncoin since Feb. 1, when it was sitting at $171.49 million.

Toncoin Open Interest (OI) has jumped 67% over the past 24 hours following Telegram founder Pavel Durov's reported departure from France, where he had been required to stay since his arrest six months ago.On March 15, Toncoin (TON) OI — a metric tracking the total number of unsettled Toncoin derivative contracts such as options and futures — reached $169 million, representing a 67% increase from the previous day when the reports of Durov's departure first surfaced, according to CoinGlass data. Toncoin open interest reaches highest level in 42 days It is the highest level of OI in Toncoin since Feb. 1, when it was sitting at $171.49 million.

Telegram founder Pavel Durov, detained in France since last August, was granted temporary permission to leave the country for Dubai. Agence France Presse (AFP) first reported the news on Saturday.