Toncoin rallies to $2.9 with whale bets and high futures leverage, eyeing $3 but risks a sharp drop.

Toncoin has surged to a high of $2.9 after four days of gains, driven by Telegram taking over as validator and major upgrades. Futures trading volume spiked due to heavy speculation, with whales placing large leveraged bets, including a $5.39 million 3x long position. Despite strong momentum and bullish indicators suggesting a possible move above $3, extreme leverage and high liquidation rates raise the risk of a sharp price drop, with $2 as key support. Investors should watch for volatility amid this speculative environment.