Share this article
Toncoin Climbs to $1.50 as Cocoon Debut Sparks Surge in Trading Volume
Cocoon lets GPU owners rent out computing power for AI tasks and receive TON tokens as compensation, with Telegram as the first user.
Updated Dec 2, 2025, 4:56 p.m. Published Dec 2, 2025, 12:59 p.m.
What to know:
- TON's price rose 0.77% to $1.5029 as trading volume spiked 37% after the introduction of Cocoon, a decentralized AI compute platform.
- Cocoon lets GPU owners rent out computing power for AI tasks and receive TON tokens as compensation, with Telegram as the first user.
- TON's volume surge and ecosystem developments suggest growing interest in its decentralized AI infrastructure, with key support and resistance levels near $1.44 and $1.51.
TON rose 0.77% in 24 hours to $1.5029 as trading activity intensified following the introduction of Cocoon, a decentralized AI compute platform built on The Open Network.
Volume spiked to 2.95 million, marking a 37% increase over the weekly average, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The price action comes as Cocoon starts processing live user requests. The platform enables GPU owners to rent out computing power for AI inference tasks and receive TON tokens as compensation.
Telegram, which has deep ties to the TON ecosystem, is serving as the first user of Cocoon’s AI infrastructure.
While TON’s gains trail broader crypto benchmarks, underperforming the CoinDesk 20 (CD20) index, which rose by 1.47% in the period, the surge in volume suggests large market particpants may be building positions.
Despite dips to a session low of $1.4501, the token showed strength through the period, closing well above its open of $1.4914 and holding onto the key support level around $1.45.
The price remained confined within a narrow range, suggesting a consolidation phase. Still, the elevated volume and ecosystem developments point to growing interest in TON’s role as infrastructure for decentralized AI.
Support is also seen around $1.44, with resistance near $1.51. A sustained move above that level could set up a test of $1.53 in the near term.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
