Toncoin (TON) Price Skyrockets 114% After Durov’s Blockchain Upgrade Announcement

Key Highlights TON cryptocurrency jumped more than 35% on May 7, climbing to $2.90 — the highest valuation since September 2025. The explosive rally kicked off May 4 from $1.35, delivering a remarkable 114% increase within 72 hours. Pavel Durov, founder of Telegram, revealed significant TON Foundation improvements and highlighted TON as the blockchain with the fastest finality time. Derivatives open interest soared to $569 million, marking a three-year peak, while daily trading volume touched $3.31 billion. Crypto trader Javon Marks anticipated this movement, identifying TON at $1.38 and forecasting a breakout trajectory toward the $3 mark. Toncoin began trading at $1.35 on May 4. Just three days later, during Asian market hours on May 7, the price climbed to $2.90. This explosive 114% rally unfolded while most other cryptocurrencies remained relatively stagnant. Toncoin (TON) Price The $2.90 price point represents TON’s strongest performance since the final days of September 2025. Despite this impressive surge, Toncoin remains significantly below its record peak of $8.24, indicating substantial room for potential growth before retesting previous highs. Trading activity painted a vivid picture of market enthusiasm. Daily volume surged to an unprecedented $3.31 billion, establishing a new all-time record for Toncoin. Data from CoinMarketCap showed $1.84 billion in daily transactions following an 84% spike. Fees in TON have dropped 6× — to nearly zero. Next step — Telegram replaces the TON Foundation as the driving force behind TON and becomes its largest validator. The focus shifts to tech superiority. New https://t.co/Me0w683UiK, new dev tools, new performance upgrades.… — Pavel Durov (@durov) May 4, 2026 The primary driver behind this rally was Pavel Durov, Telegram’s creator. His announcement detailed forthcoming TON Foundation enhancements and proclaimed TON as the leading blockchain for finality speed — indicating transaction confirmations occur more rapidly ...