TON surged 65% after Pavel Durov revealed major Telegram-driven network changes that could reshape the future of the project.
Pavel Durov, founder and CEO of social media platform Telegram, announced yesterday that Telegram will effectively take over as TON, replacing the TON Foundation. Telegram is a messaging app with over 1 billion monthly active users and is one of the largest in the world.
Toncoin extended its rally on Wednesday, climbing to a new local high of $2.215 and bringing its three-day gain to more than 60%, as traders continued to price in Telegram's deeper role in The Open Network. With the move, TON reaches it highest price since mid-November last year following fresh comments from Telegram founder Pavel Durov, who argued that Telegram becoming TON's largest validator would strengthen decentralization rather than weaken it.
Structure was bullish across timeframes, and buyers can wait for a minor pullback.
Unlike most blockchain networks that struggle to build user bases, Toncoin benefits from an inherent distribution advantage. While competing projects allocate resources toward user acquisition campaigns, funding programs, and reward mechanisms, TON operates with a fundamentally different model.
Pavel Durov's announcement renews attention around TON. According to the founder of Telegram, the messaging platform will take a more direct role in the network.
Strategic restructuring and rising on-chain activity position TON for a stronger push into the competitive DeFi landscape.
Telegram announced that it will replace the TON Foundation as the main operator of the network, which led to a 35% surge in Toncoin to a four-month high of $1.90.
Toncoin surged 36.7% in the last 24 hours to $1.88 after Pavel Durov announced that Telegram will lead TON's development. Telegram will replace the TON Foundation as the network's main driving force and will become its largest validator within 2 to 3 weeks. Volume spiked 684% and surpassed $923 million.
Toncoin has jumped on Pavel Durov's pledge to slash fees to near-zero, with TON meme coins piling on gains of up to 150%.
Telegram is replacing the TON Foundation as the largest validator of the TON network, shifting from foundation-led governance to tech-driven superiority.
Pavel Durov announced Telegram will take direct control of TON's operations and become its largest validator, sending Toncoin to a four-month high on a 324% spike in trading volume.