TON big pump 8.33%! COCOON AI calculates and tokenizes the US stock dual engine ignition.

Telegram's native token Toncoin has recently rebounded, with a big pump of 8.33% within 24 hours, breaking through $1.60 and now standing at $1.51. This surge is mainly attributed to the recently launched Confidential Computing Open Network (COCOON) and the newly introduced tokenization of US stocks and digital collectibles.

COCOON decentralized AI computing network ignites imagination

(Source: X)

The strong rise of TON is not a coincidence, but is driven by several significant developments within the Telegram ecosystem. In October, TON released an ecosystem review report, the most notable of which is the decentralized confidential computing open network (COCOON) initiated by Telegram founder Pavel Durov. COCOON is a decentralized AI computing network that will run on the TON blockchain, providing privacy protection and data security.

The business model of COCOON is highly innovative: it connects GPU providers, AI developers, and users, allowing those who provide computing resources to earn TON rewards, while developers can utilize these resources in a decentralized marketplace. This model is similar to Render Network or Akash Network, but COCOON's unique advantage lies in its deep integration with Telegram. COCOON will be directly integrated into Telegram, aiming to bring over 900 million users into a decentralized AI infrastructure.

900 million users is an astonishing number. This is almost equivalent to one-tenth of the global internet users, far exceeding the user base of any existing blockchain project. If COCOON can successfully convert even 1% of these users (9 million people) into participants in the AI computing network, its scale will surpass the total of all current decentralized computing projects. More importantly, the Telegram user base is highly active and has a strong acceptance of technology, making it an ideal group of early adopters.

However, decentralized AI is still in its early stages of development, and its sustainability remains a significant variable. Technical challenges include ensuring the verifiability of computational results, addressing the coordination issues of large-scale model training, and competing with centralized cloud service providers. COCOON needs to find a balance between technical feasibility, economic incentives, and user experience.

Four Major Innovations of COCOON

Privacy Protection: Confidential computing technology ensures the security of data during the computation process.

Telegram Integration: Directly embedded in the super app with 900 million users, lowering the adoption threshold.

TON Incentive: GPU providers receive TON Token rewards, creating supply-side momentum.

Decentralized Market: AI developers can bid for computing resources in an open market.

Telegram Wallet Launches Tokenization of US Stock Trading

In addition to COCOON, the TON ecosystem has also launched tokenized US stocks. Users can now trade these tokenized stocks through the Telegram wallet. This innovation connects the traditional securities market with the cryptocurrency world, providing Telegram users with a one-stop financial service experience. Tokenized stocks allow users to purchase tokens representing real stock ownership with cryptocurrency, enjoying the benefits of stock price fluctuations without needing to open an account through a traditional broker.

The launch of this service is highly disruptive. Traditional stock trading requires complex processes such as opening an account with a broker, identity verification, and fund transfers, while tokenized stocks can be completed directly in the Telegram wallet, significantly lowering the entry barrier. More importantly, tokenized stocks can be traded 24/7, without the limitations of traditional stock market trading hours, and fractional trading is possible, allowing you to buy a small portion of Apple or Tesla stocks for as little as 1 dollar.

However, the legal risks of tokenized stocks cannot be ignored. This type of product involves multiple legal areas including securities regulation, cross-border finance, and consumer protection. The U.S. SEC has maintained a cautious attitude toward tokenized securities, and if Telegram provides this service to U.S. users, it may face regulatory challenges. In addition, the issuers of tokenized stocks need to genuinely hold the corresponding stocks as support, and the security of their custody and the reliability of the redemption mechanism are also key considerations.

The surge in the value of TON is closely related to its improved liquidity and increased institutional participation. Recently, TON has been listed on the Bitstamp exchange, which brings broader trading channels and liquidity. Bitstamp is one of the oldest cryptocurrency exchanges in Europe, and the listing of TON means that European institutional investors and professional traders can participate in TON trading more easily.

Institutional Support and Chainlink Integration Driving Ecosystem Expansion

Chainlink announced that TON will be adopted as a cross-chain standard, becoming part of its interoperability protocol. This means that applications based on the TON blockchain can more easily integrate data from other chains, opening new avenues for DeFi, ecosystem services, and data circulation. Chainlink is the leader in decentralized oracle networks, providing price data and cross-chain communication services for thousands of DeFi protocols. The integration of TON with Chainlink allows the TON ecosystem to access data and liquidity from other blockchains such as Ethereum and Binance Smart Chain.

This cross-chain interoperability is crucial for the development of TON's DeFi ecosystem. Currently, the scale of DeFi protocols on TON is relatively small, and if liquidity and users from other mature chains can be bridged through Chainlink, it will accelerate the growth of the TON DeFi ecosystem. In addition, innovative services such as tokenization of stocks require reliable price data sources, and the integration of Chainlink precisely meets this need.

In terms of technical analysis, CoinDesk Research's data model shows that TON has confirmed a “double bottom pattern,” which is a common reversal pattern, indicating that the market may welcome a new bullish wave. The double bottom pattern occurs when the price rebounds after testing the same support level twice, showing that the support level is strong enough and the selling pressure has been fully released. Trading volume has increased by about 15% compared to the previous period, and the Relative Strength Index (RSI) rebounding from the oversold area also indicates a recovery in market momentum.

TON aims to create a super application, but risks remain

TON aims to combine AI, decentralized finance, and social applications to create a true Super App. This vision is highly ambitious, and if successful, Telegram will not only be a messaging software but a comprehensive platform encompassing communication, payment, investment, and AI services. This super app model has already been validated by WeChat in China, but there has been no successful precedent on a global scale.

However, decentralized AI is still in its early stages of development, and whether it can sustain itself is a significant variable. Centralized AI services such as OpenAI and Google have notable advantages in computational efficiency, model performance, and user experience. Although decentralized AI offers privacy protection and resistance to censorship, it remains to be seen whether it can compete with centralized solutions in terms of performance and cost, which will require time to validate. If COCOON cannot attract enough GPU providers and AI developers, this grand vision may be difficult to achieve.

In addition, the legal risks of tokenized stocks cannot be ignored. Securities regulation is one of the most stringent areas of financial regulation globally, and tokenized stocks involve multiple sensitive issues such as cross-border securities issuance, investor protection, and prevention of market manipulation. If regulatory authorities determine that Telegram's tokenized stock service violates securities regulations, it could face injunctions or fines, which would have a significant impact on the TON ecosystem.

Although institutional funds are pouring in, the volatility of TON remains high, and the price may still adjust in the short term. The drop from $1.60 to $1.51 indicates that the upward trend is not solid. While the technical analysis shows a double bottom pattern breakout, it requires a sustained increase in trading volume and the price to stabilize to confirm a trend reversal. Investors should remain cautious and avoid chasing highs after a short-term surge.