3 million TON large transfer, TON ecosystem heats up with Grayscale's support

According to the latest news, at 19:10 on January 13th Beijing time, 2,997,700 TON (worth approximately $5.216 million) was transferred from Kiln to an anonymous address, and subsequently, this address transferred 1,498,800 TON to the TON network. This is the second major whale transfer within a short period after the large movement of 4,545,200 TON on January 12th. In the context of Grayscale just announcing its Q1 asset consideration list, which includes TON, this series of large transfers has attracted market attention.

Large-Scale Transfer Signals in the TON Ecosystem

The Implication Behind Kiln Transfers

Kiln is a validator staking platform within the TON ecosystem. Large transfers from this platform typically reflect several possibilities: withdrawal of staking rewards, reconfiguration of liquidity, or a sign of ecosystem participants’ confidence in TON’s prospects. The scale of 2,997,700 TON is not small—at the current price of $1.74, this transfer is valued at $5.216 million. The frequent appearance of such large transfers (combined with the 4,545,200 TON transfer on the 12th) indicates active capital flow within the TON ecosystem.

Observing Transfer Patterns

It is worth noting that this transfer used a “relay” method—first transferring to an anonymous address, then dispersing to other addresses. This operational pattern is common in large on-chain transfers and may reflect privacy needs or coordinated transfers among multiple participants. According to Arkham data tracking, such transfers often indicate significant internal reallocation of funds within the ecosystem.

Why Is TON Gaining Institutional Attention?

New Signal from Grayscale

On January 13th, Grayscale officially released its Q1 2026 “Assets Under Consideration” list, with TON prominently listed—alongside mainstream public chains like BNB, Arbitrum, and Polkadot under the “Smart Contract Platforms” category. The list includes 36 assets, representing the firm’s potential investment directions for the upcoming quarter. Grayscale’s focus often signals the flow of institutional capital.

Actual Progress in Ecosystem Expansion

Meanwhile, the TON ecosystem is accelerating its practical application development. According to the latest news, Nasdaq-listed AlphaTON Capital has signed a $46 million infrastructure agreement to expand decentralized AI network Cocoon based on Telegram. This investment will bring in 576 NVIDIA B300 chips, scheduled for delivery in February. This not only demonstrates the scale of investment but also highlights TON’s concrete layout in AI applications.

TON’s Market Position

Currently, TON ranks 27th in the cryptocurrency market cap list, with a circulating supply of 2.421 billion tokens and a total supply of 5.151 billion tokens. Over the past 24 hours, TON has increased by 0.62%, but over 7 days, it has decreased by 9.48%. The 24-hour trading volume is $80.34 million. As a token with an unlimited supply, TON’s long-term value depends more on the development of its ecosystem applications.

Summary

This series of large TON transfers essentially reflects the active state of the TON ecosystem driven by institutional attention and practical application development. Grayscale’s inclusion, AlphaTON’s AI infrastructure investment, and frequent large on-chain movements together outline that the TON ecosystem is entering a new stage of development. For market participants, the key is not just the individual transfer itself but the ecosystem enthusiasm and institutional deployment behind these transfers. Short-term price fluctuations may continue, but ongoing ecosystem progress warrants continuous attention.