According to @rovercrc, Toncoin (TON) is displaying a strong short-term bullish uptrend, having established higher lows at $2.80, $2.81, and $2.83. The analysis indicates a significant resistance breakthrough at $2.85 occurred on exceptional volume, with strong support confirmed at $2.82 during multiple retests. This technical strength is fundamentally supported by news that The Open Platform (TOP), a developer tools provider, raised $28.5 million in a round led by Ribbit Capital and Pantera Capital, reaching a $1 billion valuation. This makes TOP the first unicorn in the TON ecosystem, signaling growing institutional investor confidence and potentially fueling further positive price action for TON.

According to Jack Booth (@jbfxdotme), Martin's leadership and community-building skills have significantly strengthened the TON Society UK, resulting in increased user engagement and adoption for The Open Network (TON) ecosystem. Booth highlights that Martin, operating with minimal assistance, has effectively driven grassroots growth, a factor that can lead to higher transaction volumes and user retention metrics for TON. For traders, this demonstrated community strength is a bullish indicator for TON's ecosystem resilience and token stability, as robust local communities often correlate with sustained on-chain activity and price support (Source: Jack Booth via Twitter, May 20, 2025).