Toncoin (TON) Surges 18% as Telegram Assumes Network Leadership — Is $3.00 Next?

Key Takeaways Toncoin surged 18.4% within 24 hours to reach $2.15 following Pavel Durov’s announcement that Telegram will replace the TON Foundation as the primary force driving the network forward. Network transaction fees dropped approximately sixfold to near-zero levels, while new development tools are scheduled for release in late May. A single-day staking influx of $191.83 million marked the strongest level witnessed in almost four months. The RSI indicator climbed to 88.72–89.04, pushing TON into heavily overbought conditions and raising the possibility of near-term correction. Major resistance levels are positioned between $2.36 and $2.80, with crucial support established at $1.90. Toncoin’s valuation has experienced a dramatic spike following Telegram’s expanded commitment to the TON blockchain ecosystem. The token recorded a 61.4% gain across the past seven days, while the monthly performance shows an impressive 69.4% climb, marking one of the most vigorous short-term rallies in TON’s trading history. Toncoin (TON) Price The 24-hour price movement of 18.4% elevated TON to the $2.15 level. Nevertheless, the asset remains 29.3% below its position from one year ago, indicating the present upswing represents part of an extended recovery trajectory. HUGE: TON MARKET CAP DOUBLES IN 4 DAYS$TON surged from $3.6B to $7.3B, a 100% jump, amid Telegram’s takeover of the ecosystem. pic.twitter.com/bMHEaKrymk — Coin Bureau (@coinbureau) May 7, 2026 On May 4, 2026, Telegram’s founder Pavel Durov disclosed the strategic shift via X, explaining that TON transaction costs have been reduced by a factor of six to virtually zero. Durov confirmed Telegram would succeed the TON Foundation as the central development authority and assume the position of the network’s largest validator. His statement highlighted upcoming developer resources, infrastructure improvements, and a redesigned ton.org portal. Cryptocurrency analyst Mike S. observed that sustained trading above $1.95 com...