TONCOIN (TON) 24-hour volatility at 45.0%: Telegram replaces Foundation and slashes fees by 6x driving surge

Volatility Overview

TONCOIN experienced sharp price fluctuations over the past 24 hours, surging from a low of $1.777 to a high of $2.576, currently quoted at $2.298, with a 45.0% price swing. The 24-hour trading volume skyrocketed to $1.32 billion (a 650% surge compared to prior), with a net capital inflow of approximately $6.1 million and market capitalization reaching $6.13 billion.

Brief Analysis of Abnormal Movements

• On May 5th, Telegram founder Pavel Durov announced that Telegram will replace the TON Foundation as the main driving force behind TON blockchain and staked 2.2 million TON to become the largest validator, directly pushing the price up from around $1.38 to above $1.85—a 24-hour increase of more than 36%.

• At the same time, Telegram will reduce transaction fees by 6 times (close to zero fee), increase network speed to reach finality within 1 second, TON staking inflows reached $192 million, DeFi TVL grew 18% to $69 million, and STON.fi DEX trading volume soared to $40 million.

• There is a significant ecosystem-wide synergy effect, with TON meme coins such as DOGS, NOT, and CATI rising by more than 100%, and both overall trading volume and open interest (OI) surging by 40-50%.

Market Perspectives and Outlook

Market sentiment is highly optimistic. Mainstream opinions in the X Community focus on the Telegram integration narrative, forecasting short-term targets of $2.74–3, medium-term $6–7, or even $10, highlighting the "Making TON Great Again" plan and mass adoption potential. Analysts warn of short-term pullback risks (support at $1.30–1.32), cautioning about centralization concerns and profit-taking, but overall capital rotation and the altcoin season support further upside.