Toncoin has become a focal point in the market due to new initiatives, including significant buyback measures and digital asset creation. Experts are discussing potential scenarios for the token's further movement.
Stock Buyback Strategy Worth $250 Million
TON Strategy Company, formerly known as Verb Technology, has confirmed the launch of a $250 million stock repurchase plan. The firm currently controls assets worth $780 million, including $713 million in Toncoin and $67 million in cash.
Executive Chairman Manuel Stotz explained that this program will provide a way to optimize the company's treasury management while supporting shareholder returns.
"The repurchase program gives us a tool to optimize our treasury strategy while supporting shareholder returns," Stotz stated.
AlphaTON's Digital Asset Creation
AlphaTON Capital recently introduced a digital asset strategy centered around Telegram’s ecosystem. The group raised $38.2 million through a private placement and secured a $35 million credit facility from BitGo Prime to initiate operations.
The plan aims to accumulate close to $100 million in Toncoin, which will also support projects tied to Telegram's vast user network. Executive Chairman and CIO Enzo Villani stated, "By bridging traditional markets with this emerging ecosystem, we are positioning our shareholders to participate in the next major phase of digital asset adoption."
Market Structure of Toncoin and Current Projections
Currently, Toncoin is trading within the $3.1 to $3.4 range. Analysts note that the token is consolidating within a triangle formation, which often precedes large breakouts. Analyst Ali Martinez has pointed to a potential 50% movement if a breakout occurs with strong confirmation.
Meanwhile, other analysts mention the need to clear three major resistance levels before reaching $3.525. Repeated rejections in the $3.40-$3.45 range show strong selling pressure, and some analysts have noted the formation of equal lows, creating intriguing opportunities for upcoming movements.
Toncoin is demonstrating activity amidst new strategies and initiatives, but the market remains under pressure. The token's future depends on successfully overcoming key levels and the overall market dynamics.
