TONCOIN (TON) fluctuates 34.2% in 24 hours, accumulates over 26% increase: Telegram takes over the network and becomes the largest validator, driving the surge

Volatility Overview

In the past 24 hours, TON price rebounded from a low of $1.919 to a high of $2.576, currently trading at $2.416, with a price swing of 34.2% and a cumulative increase of approximately 26%-30%. 24-hour trading volume surged to $1.46 billion (an increase of 44.68%), with a net capital inflow of about $6.1 million, and DeFi TVL rose by 20%.

Brief Analysis of the Causes for Unusual Movements

• On May 4-5, Telegram officially replaced TON Foundation as the largest validator in the TON network, staking millions of TON, supporting over 20 other validators, and reducing fees by six times, driving a single-day price jump of 26%-35% and a trading volume spike of 600% to $664 million.

• On-chain data also surged: On June 5, DeFi TVL increased by 20%, STON.fi daily swap volume hit $40 million (26 times the weekly average), with both retail and whale buy pressure increasing, and staking net inflows reaching $191.8 million.

Market Opinions and Outlook

Mainstream market sentiment is bullish, with the community and analysts predicting short-term targets of $2.50-$5, benefiting from Telegram ecosystem integration and increased on-chain activity; however, there are warnings that Telegram’s dominance as a validator may exacerbate centralization risks, and there is a need to monitor future unlocking events and weak fee capture.