Toncoin jumped 32% to $2.89, marking a 110% increase since Telegram founder Pavel Durov announced a major strategic shift and a sixfold fee reduction.
Key Takeaways:
Pavel Durov announced Telegram will replace the TON Foundation as the network’s largest validator.Toncoin (TON) surged 32% to $2.89 by May 7, 2026, as market caps hit $7.6 billion and flipped LINK.Integration with hundreds of millions users and the Clarity Act may drive a supply lock-up via 20% plus staking APR.Market data shows TON slipped by 12% shortly after reaching $2.53, staying below that level until Wednesday evening. A second rally saw TON climb from $2.45 at 9:20 p.m. EDT on May 6 to $2.89 at 3:09 a.m. EDT on May 7, its highest level since Oct. 7, 2025.
The analyst also noted that the timing of this shift may be linked to the Clarity Act, suggesting the legislation could provide the regulatory breathing room needed for such an integration.
Meanwhile, TON’s latest jump means the token has risen by more than 110% since Durov announced the fee drop and the validator transition. This price surge pushed TON’s market capitalization to $7.6 billion, allowing it to briefly enter the top 20 digital assets and flip LINK.
