Toncoin (TON) is currently hovering around the $1.45 mark this Friday, following a slide to a two-month low yesterday. Despite a significant ecosystem update, technical indicators and market sentiment suggest that the downward pressure may not be over yet.
The TON Foundation recently announced the launch of xStocks, a platform that integrates tokenized US equities directly into the TON ecosystem. This allows users to trade shares of major corporations like Apple, Tesla, and Microsoft directly through Telegram-linked wallets (such as Tonkeeper and MyTONWallet).
Key Benefits of xStocks:
While the TON Foundation views this as a massive leap for real-world asset (RWA) adoption—potentially reaching over a billion users—the market response has remained muted. TON's price actually dipped 3% to $1.42 shortly after the announcement.
The short-term outlook for Toncoin remains cautious. According to Coinglass data, the OI-Weighted Funding Rate is currently trending negative. This indicates that a majority of derivatives traders are positioned for further price declines, outnumbering those betting on a recovery.
Despite the long-term fundamental boost provided by xStocks, the prevailing technical momentum suggests that Toncoin could face more "red" days before finding a solid bottom.
December 2025, Cryptoniteuae