TON Blockchain Archives - Coin Engineer

Why Is Pudgy Penguins ($PENGU) Rising?

Yeliz Akmaca — Tue, 15 Jul 2025 11:00:27 +0000

PENGU token has remained in the spotlight throughout July with notable developments. It gained nearly 50% in the last two weeks, now trading at $0.02948. This surge began after breaking the technical resistance near $0.014.

According to technical analysis, if PENGU maintains above the $0.015 level, it could rise to $0.04. However, some analysts expect a short-term correction down to $0.0175. Still, the overall market sentiment remains positive.

Game Launches and Telegram Support Boost Token Demand

One of the most notable factors behind PENGU’s rally is the Pudgy Penguins ecosystem’s entrance into the gaming space. The project attracted a broad audience with its mobile game Pudgy Party. Thanks to the reward mechanism, users increase token demand while playing.

Mini-games accessible through Telegram have also expanded the ecosystem’s reach.

More importantly, the newly launched game Pengu Clash, built on TON (The Open Network) blockchain, gained traction. Unlike the traditional play-to-earn model, this game operates on a play-to-win system. Pudgy Penguins CEO Luca Netz describes it as a skill-based competitive arena for users.

Telegram peaked in mini-games in 2024, and TON still hosts over 2.1 million active wallets. Netz notes that Telegram’s unique and broad user base offers scalability potential, especially as the project expands into markets like Northern Europe.

Institutional Moves and ETF Filing Fuel the Momentum

The Pudgy Penguins team is also making headlines with its institutional initiatives. A collaboration with a major racing organization introduced the PENGU mascot to millions. A frequent flyer loyalty program with an airline now allows token holders to earn miles — supporting long-term adoption.

Additionally, the team appeared at a NASDAQ event in late June. Their discussions on U.S. crypto regulation helped build institutional confidence. One major development is that Canary Capital filed a spot ETF for PENGU. The decision is expected in early 2026. According to documents submitted to the U.S. SEC on March 20, if approved, this would be the first ETF involving NFTs in the U.S.

Social Media Power and On-Chain Data Back the Rally

On July 13, Justin Sun tweeted “everyone has become a penguin,” triggering an 11% price jump. Soon after, Coinbase and Binance US updated their X profile images to Pudgy Penguins NFTs. These social media moves had an instant impact on price.

Everyone will Huddle https://t.co/zIao9ulvcN

— Pudgy Penguins (@pudgypenguins) July 13, 2025

On-chain data shows whale wallets have increased their PENGU holdings by 11% over the last 30 days. There’s also a significant rise in token volume among the top 100 wallets. Meanwhile, open interest has hit a 3-month high. This all points to growing investor interest and strong momentum.

In conclusion, PENGU has caught a strong bullish trend driven by game integrations, ETF expectations, institutional partnerships, and social media influence. It’s now seen not just as a meme coin but as a Web3-compatible, multifunctional digital asset.

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TON Blockchain Outage and Crypto World Developments

Yeliz Akmaca — Mon, 02 Jun 2025 09:48:10 +0000

Over the weekend, the TON blockchain experienced a brief disruption, French authorities charged 25 people over crypto-related kidnapping attempts, and Strategy’s co-founder Michael Saylor called to join the Joe Rogan podcast.

TON Blockchain Outage

The Open Network (TON) encountered a brief network outage on June 1. An error in the Masterchain transmission queue halted block production. The development team restored the system within about 40 minutes. The team announced on Telegram, “We provided a quick fix; updating just a few masterchain validators was enough,” after which block production resumed.

Paris Police Prevent Crypto-Focused Kidnappings

French authorities launched an operation against a criminal gang targeting the crypto community. They arrested 25 individuals aged between 16 and 23.

The Paris prosecutor’s office revealed that the suspects planned kidnappings of prominent figures and their relatives in the crypto sector. The investigation centers on a failed kidnapping attempt on May 13 in Paris’s 11th district. The targeted victim was identified as the daughter and granddaughter of Pierre Noizat, CEO of the French crypto exchange Paymium. Officials also disclosed a similar attempt a day earlier and another plot thwarted near Nantes.

Saylor Wants to Join Joe Rogan’s Podcast

On May 31, Michael Saylor posted a message to Joe Rogan: “Hey @joerogan, let’s talk about Bitcoin,” expressing his interest in appearing on the podcast. This sparked widespread speculation. The Bitcoin Therapist commented, “This interview will shake the internet.”

Crypto analyst Kook shared with followers, “Saylor will give Joe Rogan the Bitcoin pill.” Meanwhile, Brandon MacDougal said, “If Saylor joins, it’ll be the first Rogan episode I watch.”

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TON Blockchain Announces ANKR Collaboration

Tanju Akbıyık — Fri, 25 Oct 2024 11:00:05 +0000

Web3 infrastructure provider Ankr has announced its integration with TON Blockchain. With this partnership, Ankr will open a new door for those who want to develop dApps on TON Blockchain. Ankr’s API service will allow developers to quickly access data on the chain without having to manage their own nodes.

The development of mini-apps and games specifically for the Telegram community has become quite popular recently. Although TON Blockchain is managed independently of Telegram, the platform has a close connection with the messaging app. With this integration, Ankr will make it easier for those who want to develop on TON Blockchain to access Telegram’s 950 million user base.

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Anthony Tsivarev, TON Foundation’s Director of Ecosystem Development, stated that the partnership with Ankr demonstrates their commitment to providing developers with the tools to quickly create dApps. Since Telegram launched its crypto wallet last year, the TON ecosystem has grown rapidly; During this time, approximately 23 million new wallets were activated, while the number of monthly active addresses exceeded 11 million, competing with Ethereum.

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Telegram Games and the TON Blockchain

Orhan — Wed, 23 Oct 2024 16:00:05 +0000

The popularity of Telegram-based games is rapidly increasing due to low-cost customer acquisition and the impact of blockchain technology. Notcoin founder Sasha Plotvinov stands out as one of the pioneers of this trend. According to Plotvinov, the main advantage of developing games on Telegram is the potential to onboard new users at minimal costs. Both large companies and small developers are turning to Telegram games to seize this opportunity.

Low-Cost User Acquisition

Plotvinov estimates that the cost of acquiring a user through Telegram mini-games could be less than $1. This provides a significant advantage compared to other platforms, where the cost per user typically ranges between $10 and $15. For projects in the blockchain and web3 ecosystems, this low-cost strategy is revolutionary for the gaming world. Blockchain games integrate with decentralized finance (DeFi) applications, allowing users to earn cryptocurrency while playing, making both gaming and earning crypto attractive.

The Role of Web3 and Blockchain in Gaming

Telegram-based games are often built on The Open Network (TON) blockchain. TON is an independent blockchain network developed to contribute to Telegram’s crypto ecosystem. This blockchain enables users to earn tokens while playing games and integrates with Telegram’s vast user base. Pavel Durov openly supports TON and games on Telegram, fostering the growth of this ecosystem. In September 2023, Telegram’s native crypto wallet, TON Space, was launched, and since then, over 23 million new wallets have been added to the ecosystem, providing a strong foundation for the adoption of blockchain-based games.

New Ideas in Telegram Games

Tap-to-earn games on Telegram, such as Notcoin, Hamster Kombat, and Yescoin, attracted millions of new users in 2023. These games aim to build large player bases using simple mechanics. However, Plotvinov expresses concern about their sustainability. Many players join these games solely for the incentive of earning money, not for fun. Plotvinov suggests that this model may not be sustainable in the long run and shares that Notcoin is diversifying by developing new game styles. For example, new games like Lost Dogs and Not Pixel focus on deeper gameplay mechanics rather than being purely reward-driven.

Binance and Telegram

Not only small developers but also major players are following this trend. Binance, the world’s largest cryptocurrency exchange, launched a Telegram-based game called Moonbix in recent months. This move highlights Binance’s interest in low-cost acquisition opportunities. Binance’s step could significantly impact the widespread adoption of crypto games. Additionally, the rapid community-building capacity of Telegram-based games provides developers with more data and feedback, allowing for quicker evolution of games.

Helika and Innovation

The fast growth of Telegram-based games has led some platforms to invest in innovation. With the support of Notcoin, Helika launched a $50 million Telegram game accelerator. This accelerator encourages more innovation by investing in game developers. Anton Umnov, Helika’s founder, mentions that many developers see Telegram as an “innovation lab.” Its large user base allows games to be quickly tested and refined.

Do Telegram Games and Blockchain Still Hold Promise?

Telegram-based games, combined with blockchain technology, offer low-cost user acquisition opportunities. These games have become appealing to both large and small developers. In particular, the TON blockchain and its infrastructure enable the swift adoption of these games. The entry of major players like Binance suggests that Telegram games will continue to grow in the future. However, sustainability and the quality of game mechanics will be critical factors determining how successful these games will be in the long term.

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Crypto Investor Makes 12x Profit with TON Ecosystem Tokens

Tanju Akbıyık — Mon, 26 Aug 2024 22:30:08 +0000

A crypto investor trading meme tokens in the TON ecosystem has made a huge profit despite the detention controversy of Telegram CEO Pavel Durov. This smart investor made a 12x profit by selling his REDO token within the TON network. After the TON Blockchain logo was rebranded as the REDO token logo, the token price increased by approximately 200%.

The investor made a profit of 107,275 SOL, or approximately $606,000, by selling 881,000 REDO tokens. This transaction shows that the investor made a 12x profit on his initial investment in REDO. It is also considered one of the most profitable trades in the TON ecosystem.

The latest surge occurred when TON Blockchain adopted the Resistance Dog logo. This move was made in support of Telegram CEO Pavel Durov’s arrest in France. The token price rose to $0.94 today, and many investors took advantage of the opportunity. However, some community members turned to other tokens as Telegram came under scrutiny.

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The investor’s success was not limited to REDO. He also made significant gains on other meme coins in the TON ecosystem. In particular, he made 5,207 TON, or $29,400, from his transactions with Ton Inu (TINU), and made a 35x profit on the TINU meme crypto sale.

In addition, he made 3,118 TON, or $17,600, from his transactions with Paper Plane (PLANE), and made a 62x profit. In total, the investor made 11 meme coin transactions and achieved a 54.5% success rate. According to blockchain analytics firm Lookonchain, the total profit he made from these transactions was 115,387 TON, or approximately $652,000.

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Cobo Integrates with The Open Network (TON) to Enhance Digital Asset Custody Solutions

Tanju Akbıyık — Wed, 03 Jul 2024 14:00:42 +0000

Providing digital asset custody and wallet, Cobo has declared its support for The Open Network (TON), therefore adding its complete custody solutions to the TON blockchain.

Integration Details and Strategic Benefits

This integration covers TON’s native Toncoin (TON), Notcoin (NOT), and stablecoins like Tether along with custodial wallets and multiparty computation wallet technologies. The cooperation seeks to increase Cobo’s service offers and improve the security and adaptability of digital asset management for institutional customers.

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The integration tracks a notable flood of Web3 support for the TON blockchain, which drives Telegram’s new advertising platform. Despite technical difficulties these features may create, Cobo’s decision to assist TON’s ecosystem fits its approach to increase token acceptance and exploit TON’s sophisticated multichain architecture and sharding technologies.

The platform of Cobo is well-known for institutional customer services and regulatory compliance. Particularly since Toncoin has permission from the Kazakhstan Financial Services and Regulatory Committee (AFSA), the relationship is strategically important. Toncoin ranks among 107 cryptocurrencies approved by Kazakhstan’s government here.

Security Concerns and Ecosystem Challenges

As SlowMist creator Yu Xian points out, phishing attempts on the blockchain have increased even with the success and rising acceptance of the TON ecosystem. Xian said on June 24 that the open character of the Telegram ecosystem helps phishing links to proliferate via messaging groups, airdrops, and other dishonest techniques. Users with anonymous numbers, which are not connected to SIM cards, he pointed out have more phishing risks and possible account losses should targeted criminal actors on the network target them.

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TON Blockchain Surpasses Ethereum in Daily Active Addresses

Tanju Akbıyık — Thu, 13 Jun 2024 09:00:14 +0000

Almost every day this month, Telegram’s “Open Network” (TON) blockchain shows more daily active addresses than Ethereum. TON’s large user base could be the source of this stealthy “flippening,” even if some contend the data does not fully depict the situation.

Delphi Digital commented on X on June 10, “The Flippening CT ignores,” noting “TON’s quiet growth driven by Telegram’s 900 million user base has driven its daily active addresses above Ethereum.” Delphi Digital asserted that “TON is a wager on Telegram’s distribution,” and inquired about the sustainability of its anticipated growth to surpass Ethereum in the long run.

TON’s Growth Driven by Telegram’s Vast User Base

TON and Ethereum have been neck and neck since May 17, when TON first exceeded Ethereum, according to data from Artemis, which defines DAA as the number of distinct wallets executing daily transactions on a blockchain. With a record 568,300 DAAs on June 3, TON has kept its lead, outperforming Ethereum on 10 of 11 days thus far in June. Artemis data reveals that Ethereum hasn’t reached those levels since September 13, 2023.

Still, the photo reveals more. Much of Ethereum’s user activity has moved to layer 2 (L2) scaling solutions; therefore, a straight comparison is quite deceptive.

Ethereum’s Layer 2 Solutions Complicate Direct Comparisons

For instance, on June 11, alone, three of the leading Ethereum layer 2s, Arbitrum, Base, and Optimism, witnessed a combined 1.3 million daily active addresses. Co-founder Vitalik Buterin, part of Ethereum’s future map, has long favored leveraging L2s to scale the main blockchain.

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Integration of Tether and New Features Boost TON Activity

One can attribute TON’s increase in network activity to various recent events. While the “tap-to-earn” token Notcoin has had 35 million users registered since its introduction five months ago, Telegram has incorporated the Tether (USDT) stablecoin on TON. Completing different social tasks helps one earn Notcoins.

On June 6, Telegram also introduced Telegram Stars, an in-app currency for digital purchases. The popularity of Telegram trading bots has also helped to drive more TON blockchain usage.

Even if TON’s present expansion is remarkable, its long-term viability is yet unknown. This changing scene will depend much on the ongoing acceptance of Ethereum’s L2 solutions and upcoming developments.

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