Toncoin experienced a dramatic price surge this week, soaring more than 100% following a pivotal announcement by Telegram’s founder, Pavel Durov. The message revealed that Telegram would assume direct control over the development of The Open Network ecosystem, effectively replacing the TON Foundation as the primary driver of growth and adoption. This strategic shift triggered a wave of buying that propelled TON from under $1.20 to a high of $2.90, before it settled near $2.43 at the time of writing.
The move came as Telegram became the largest validator on the network after staking millions of TON tokens, aligning the company’s interests more closely with the blockchain’s long-term stability and expansion. Durov also unveiled a new roadmap called ‘Make TON Great Again’ or MTONGA, which outlines seven steps focused on scaling infrastructure, enhancing transaction speeds, and deepening integration with Telegram’s massive user base of over 1 billion people.
Investor sentiment was further boosted by a sharp reduction in transaction fees—down nearly sixfold to approximately $0.0005—making the network more appealing for microtransactions, mini-apps, and everyday payments. Additionally, the Catchain 2.0 upgrade improved block times to roughly 400 milliseconds, enabling near-instant transaction finality. These technical enhancements, combined with tighter Telegram integration, spurred aggressive buying across both spot and derivatives markets, while short liquidations amplified the upward momentum.
On the daily chart, Toncoin’s price confirmed a breakout from a long accumulation range, surging above the key $1.60 resistance level. The rally also pushed TON above its 200-day moving average near $1.55, reinforcing bullish momentum and signaling a potential shift in the long-term trend. Momentum indicators show buyers retain control, though the RSI has climbed above 90, indicating extremely strong buying pressure that could lead to a temporary cooling-off period or short-term volatility. The moving average ribbon has also started turning bullish, with shorter-term averages crossing above longer-term ones after weeks of sideways movement.
If bullish momentum persists, traders may target the psychological $3 mark, followed by the broader resistance zone near $3.20. However, failure to hold above the $2.00 breakout area could trigger profit-taking and a retest of support in the $1.60–$1.70 range before the next upward leg.