Toncoin is experiencing a major surge, and the reason is clear. The token jumped by more than 26% in a single day after Pavel Durov said Telegram will take direct control of The Open Network (TON).
This is a big change for the ecosystem. The blockchain was previously managed by the TON Foundation, but now Telegram will run it directly, leveraging its large user base and engineering team.
Telegram has also cut transaction fees on the network by six times, making them almost zero. This could make the network much easier to use, especially for small payments and wider adoption.
Markets reacted instantly. Trading volumes spiked more than 600%, and the token’s market cap jumped by roughly $1 billion within hours. The rally extended beyond TON, with ecosystem tokens like Notcoin also posting strong gains.
The broader crypto market remained relatively flat during this period, making TON’s surge even more notable. It wasn’t driven by macro trends but by a clear, project-specific development.
Looking forward, the focus is on how well Telegram delivers. The company plans to roll out upgrades, including new developer tools and better performance, in the next two to three weeks. If successful, TON could become one of the most user-friendly blockchains available.
Right now, investors are sending a clear message: when a platform with a huge user base gets involved, the market pays attention.
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