Toncoin slides 67% from peak despite Telegram’s massive user base

[AIcash]

Despite being tied to Telegram’s billion-user ecosystem, Toncoin (TON) has struggled through the crypto downturn, raising questions about whether the network is stalled or setting up for a comeback.

TON is down roughly 67% over the past year, according to CoinGecko, and has lost nearly $700 million in total value locked since its 2024 peak. The token previously surged to an all-time high above $8 in June 2024, fueled by viral Telegram-based meme coins like Notcoin and Hamster Kombat.

Still, development has continued. Telegram Wallet became available to U.S. users in mid-2025, and Coinbase listed TON later that year. As 2026 begins, Telegram is now pushing deeper into AI integration, positioning TON as a core economic layer inside the app.

[nihalsari]

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