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Toncoin surges 10.55% amid broader crypto market weakness and selective altcoin rotation
- Toncoin rose 10.55% on June 1st while Bitcoin and Ethereum faced broad selling pressure.
- The token climbed to $2.0917, extending its 30-day gain to 55.71%.
- Trading volume reached $199.71 million, reflecting strong execution during a period of selective capital rotation into altcoins.
Supporting datasets
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Conclusion
On June 1st, 2026, TON-USD closed at $2.0917, up 10.55% from its May 31st close of $1.8920, while its 30-day performance climbed 55.71% from $1.3433 on May 2nd. The move was supported by a trading volume of $199,712,610.71. This performance coincides with a period of broad crypto market weakness, where Bitcoin and Ethereum faced sustained selling pressure and significant ETF outflows. Market analysis indicates institutional capital was rotating selectively into altcoins during this period, which may have supported TON's outperformance.