Robinhood Lists Toncoin, But It’s The $713 Million Whale the Real Story
- Toncoin trading volume surged 60% to $280M as Robinhood confirmed its listing.
- Verb Technology acquired $713M in TON, surpassing its 5% supply target.
- TON price held steady at $3.17 with resistance forming near the $3.25 level.
Robinhood just listed Toncoin (TON), but that might not even be the biggest story for the asset today. The real news is the massive, $713 million institutional whale that just surfaced. As the popular trading app, added TON, public company Verb Technology (VERB) revealed it had purchased $713 million worth of the token, signaling a wave of institutional conviction that is likely driving this new push for mainstream listings.
The TON listing is just the latest in a string of new assets Robinhood has added under the current U.S. administration’s more permissive stance. The platform recently expanded its menu to include Sui (SUI), Floki (FLOKI), Ondo (ONDO), Bonk (BONK), Pudgy Penguins (PENGU), Peanut the Squirrel (PNUT), and Stellar (XLM).
The announcement sent Robinhood’s own stock (HOOD) up 1.4% in pre-market t…
The post Robinhood Lists Toncoin, But It’s The $713 Million Whale the Real Story appeared first on Coin Edition.
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Robinhood Lists Toncoin, But It’s The $713 Million Whale the Real Story
- Toncoin trading volume surged 60% to $280M as Robinhood confirmed its listing.
- Verb Technology acquired $713M in TON, surpassing its 5% supply target.
- TON price held steady at $3.17 with resistance forming near the $3.25 level.
Robinhood just listed Toncoin (TON), but that might not even be the biggest story for the asset today. The real news is the massive, $713 million institutional whale that just surfaced. As the popular trading app, added TON, public company Verb Technology (VERB) revealed it had purchased $713 million worth of the token, signaling a wave of institutional conviction that is likely driving this new push for mainstream listings.
The TON listing is just the latest in a string of new assets Robinhood has added under the current U.S. administration’s more permissive stance. The platform recently expanded its menu to include Sui (SUI), Floki (FLOKI), Ondo (ONDO), Bonk (BONK), Pudgy Penguins (PENGU), Peanut the Squirrel (PNUT), and Stellar (XLM).
The announcement sent Robinhood’s own stock (HOOD) up 1.4% in pre-market t…
The post Robinhood Lists Toncoin, But It’s The $713 Million Whale the Real Story appeared first on Coin Edition.
Read More