Despite the broader market's consolidation, Toncoin (TON) has made a significant move, rallying over 6.5% to reach a new all-time high of $7.65. This surge is accompanied by a notable increase in trading volumes, exceeding $354 million.

Telegram's announcement of a new in-app currency, Stars, has sparked this rally. Stars can be purchased with fiat currency or Toncoin and used to buy digital goods and services within Telegram mini-apps. Developers and vendors will soon be able to withdraw their Stars in Toncoin, which can be exchanged for other cryptocurrencies like USDT.

This development has led to a significant increase in whale transactions, with Toncoin whale activity surging by 237% in a single day. Analysts predict that if Bitcoin and the broader cryptocurrency market resume their rally, Toncoin's price could reach $10.

In conclusion, Toncoin's price surge, driven by Telegram's announcement, highlights the potential of this Layer-1 cryptocurrency. With increased whale activity and a strong market rally, Toncoin is poised for further growth, defying broader market trends.