Toncoin (TON) Heavily Oversold as Telegram Introduces Vaults in TON Wallet

The TON Wallet Vaults will enable users to earn yield on BTC, ETH, and USDT. Toncoin (TON) is deeply oversold, trading near $1.29 with bearish momentum. The key levels we watch are support around $1.23–$1.26 and resistance around $1.41–$2.02. Toncoin has faced a sharp decline as Telegram rolls out its new Vault feature within the TON Wallet. The launch of “Vault” in TON Wallet allows users to earn yield on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) without leaving the app. Vaults are self-custodial, meaning users retain control of their private keys and assets while participating in decentralised earning strategies. This integration of decentralised finance (DeFi) into a widely used messenger app marks a practical on-ramp to DeFi for everyday users. The TON Wallet uses a combination of DeFi protocols to generate yield behind the scenes. Morpho provides the lending backbone, while the TON Applications Chain executes transactions, and Re7 manages risk and strategy design. Users interact through the Telegram interface, making the process straightforward. Despite the positive news, Toncoin’s market performance is under pressure. The cryptocurrency has dropped to $1.29, down 3.6% over 24 hours. This decline aligns with a broader market-wide risk-off rotation. The total crypto market cap fell 2.43%, and sentiment remains in extreme fear, with the Fear & Greed Index at 16. Notably, altcoins are underperforming Bitcoin, and Toncoin has moved in line with this trend.