TONCOIN (TON) 24-hour fluctuation 24.9%: Telegram takes over validator and network upgrade drives 35% surge
Bitget Pulse2026/05/07 22:02Volatility Overview
In the past 24 hours, the price of TONCOIN rebounded from a low of $2.33 to a high of $2.91, currently quoted at $2.607, with a fluctuation amplitude of 24.9% and an overall increase of about 11.8% (calculated from the low). The 24-hour trading volume surged to around $1.556 billion, a significant increase from the previous day; futures open interest (OI) hit a three-year high, reflecting an influx of leveraged capital.
Brief Analysis of the Causes of the Movement
- Telegram dominates the validator role: Pavel Durov announced that Telegram would stake 2.2 million TON to become the largest validator, replacing the TON Foundation, and driving a single-day price increase of 20%-35%.
- Network performance upgrade: TON achieved 0.6-second finality (outperforming Solana/Ethereum), transaction fees dropped sixfold, stimulating a 26x surge in DeFi trading volume (such as STON.fi), and boosting on-chain activity.
- Amplified capital inflows: Whale activities and trading volumes exceeded $1 billion, while social media buzz jumped sixfold.
Market Views and Outlook
The mainstream market sentiment remains bullish, with the community focusing on the integration of the Telegram ecosystem (such as gifting NFTs and SocialFi). Discussions on the X platform predict a short-term move up to $6-7 and a mid-term range of $5-8; analysts note that if the $2.3 support holds, the price could continue to rise to $2.6-3, but caution that there is a risk of a pullback and the influence from BTC dominance.
Note: This analysis is automatically generated by AI based on publicly available data and on-chain monitoring, and is for information purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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