Toncoin surges 36% as Telegram replaces TON Foundation and slashes fees
Pavel Durov said Telegram will take direct control of TON operations and cut fees to near zero, while staking about 2.2 million tokens.
- Telegram founder Pavel Durov announced the messaging platform will replace the Swiss-based TON Foundation as the primary operator of The Open Network and become its largest validator.
- The move marks the most significant governance change since Telegram abandoned the project in 2020 after settling with the SEC, with Telegram now taking direct responsibility for product direction and Mini Apps.
- Toncoin rallied more than 36% in 24 hours to a four-month high of $1.80, with trading volume jumping 324% to $309 million as bullish sentiment spread across the Telegram-linked ecosystem.
- Telegram's nearly 1 billion monthly active users provide unmatched distribution, yet concentrating validator authority departs from the decentralized model the TON Foundation was designed to represent.
- New developer tools, performance upgrades, and a refreshed website are expected within two to three weeks, while a June validator vote on inflation will test governance as Durov responded "Inevitable" when asked if glory days lie ahead.
33 Articles
33 Articles
Telegram Replaces TON Foundation as Network’s Driving Force, Token Surges 23%
Telegram founder Pavel Durov announced on Sunday that the messaging platform will replace the TON Foundation as the primary operator of The Open Network and become the blockchain’s largest validator. Toncoin surged more than 23% in 24 hours to a four-month high, with trading volume jumping 324% to $309 million. The move marks the most significant governance change for TON since Telegram abandoned the project in 2020 after settling with the SEC o…
TON Surges 30% after Telegram Replaced TON Foundation to a more Stewardship Role
The recent 30% surge in the value of TON has drawn significant attention across the cryptocurrency ecosystem, not merely for its price action but for the structural shift underpinning it. At the center of this development is the decision by Telegram to assume a more direct stewardship role over the TON ecosystem, effectively replacing the […] The post TON Surges 30% after Telegram Replaced TON Foundation to a more Stewardship Role appeared first…
TON Surges 60% as Telegram Takes Over Network Validation
Toncoin jumped hard this week. The token hit $2.215 on Wednesday, up more than 60% in three days. Pavel Durov… Read the original on TON Surges 60% as Telegram Takes Over Network Validation. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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