“Cocoon lets GPU owners rent out computing power for AI tasks and receive TON tokens as compensation, with Telegram as the first user.”, — write: www.coindesk.com
Volume spiked to 2.95 million, marking a 37% increase over the weekly average, according to CoinDesk Research’s technical analysis data model.
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 participants may be building positions.
Despite dips to a session low of $1.4501, the token showed strength throughout the period, closing well above its opening 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 of 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.
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- 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.
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The gains were accompanied by a surge in trading volume signaling potential institutional positioning.
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