When everyone's a Bull, they're full of bull.
Ton is not a great coin nor ever was.
Always watch the technicals, not the crowd-support.
Ton is not a great coin nor ever was.
Always watch the technicals, not the crowd-support.
Note
Toncoin’s uselessness is most glaringly underscored by the fact that its original creators, Telegram, walked away from it in May 2020 after a bruising fight with the SEC. This abandonment isn’t just a historical footnote—it’s a fatal blow to the project’s credibility and purpose. Telegram envisioned TON as a game-changer: a blockchain so fast and user-friendly it could bring crypto to its 400 million users, seamlessly integrated into a messaging app people already trusted. But when the SEC forced Telegram to halt its $1.7 billion token sale and ditch the project, that vision evaporated. What’s left is a husk—a decentralized network run by a fragmented community, trying to salvage a dream that its founders deemed untenable. Without Telegram’s resources, brand, and execution muscle, TON lost its raison d’être. It’s like a ship abandoned by its captain, drifting aimlessly with a volunteer crew patching the sails.This abandonment exposes TON’s lack of a unique edge. The original pitch—mass adoption via Telegram—was its golden ticket, setting it apart from the sea of layer-1 blockchains. Now, stripped of that, TON is just another altcoin touting speed and scalability in a market where Solana clocks 65,000 transactions per second and Ethereum’s layer-2 solutions like Arbitrum already handle cheap, fast transfers. Why bet on a project that’s been orphaned when its competitors have active leadership, clear roadmaps, and thriving ecosystems? The community might claim they’re carrying the torch, but they’re building on a foundation that Telegram itself judged unworkable under regulatory scrutiny—a damning vote of no confidence.
Moreover, the abandonment has stunted TON’s growth irreversibly. Blockchain success hinges on network effects: users, developers, and dApps need to pile in to create value. Telegram could’ve delivered that instantly with its user base, but without it, TON’s adoption has crawled. Look at the data—its ecosystem is a ghost town compared to rivals. TON Storage and TON DNS sound cool, but they’re niche experiments, not killer apps. The token’s price might spike on hype, but its utility is speculative at best, propped up by traders, not users. An abandoned project can’t compete with the momentum of chains like Binance Smart Chain or Cardano, which have centralized backing or obsessive followings driving real activity.
Finally, the psychological and symbolic damage of abandonment seals TON’s fate. Crypto thrives on trust and narrative—Bitcoin’s “digital gold” story, Ethereum’s “world computer” vision. TON’s story is “the thing Telegram gave up on.” That’s not inspiring; it’s a warning sign. Even if the tech is solid, the optics of a high-profile retreat signal weakness to investors, developers, and users. The community’s resilience is admirable, but it’s not enough to overcome the reality: TON was built for a purpose that no longer exists. It’s a relic of a failed ambition, limping along without a soul, and in a cutthroat crypto landscape, that makes it effectively useless.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.