Did you miss Toncoin going from $1.35 to $2.90 in just three days?
If yes, you are not alone. Most people were not watching. And then suddenly — boom. TON became the biggest crypto gainer of the entire market in just 24 hours, jumping over 20%. That does not happen often. So something real must have triggered it.
And it did.
On May 5, Telegram founder Pavel Durov made a big announcement. He said Telegram had officially taken over from the TON Foundation as the network's largest validator. This was huge news. People had been worried for a long time about who really controls TON.
Durov's move answered that question directly. Telegram — a platform with over 900 million users around the world — is now standing behind this network. That kind of backing changes everything for investors.
Traders reacted fast. Buying pressure shot up. The price followed.
So what exactly did Durov say that got everyone so excited?
He revealed the second phase of something called the MTONGA roadmap. That stands for "Make TON Great Again." The plan is straightforward — bring Telegram and TON closer together, make the network easier to build on, and cut the cost of using it.
Here's the part that really grabbed attention. Durov said transaction fees are going to drop almost six times. After the update, sending a transaction on TON will cost just $0.0005. That is less than one-tenth of a cent. For regular users, that is practically free.
When a blockchain becomes cheap to use, more people try it. More usage means more demand for the token. And more demand usually means a higher price.
Yes — and that is pulling in a huge amount of money right now.
TON staking rewards are reportedly sitting above 20% APR. To put that simply, if you lock up your TON tokens to help run the network, you earn 20% back every year. That is way higher than most savings accounts or even many other crypto staking options.
Because of this, more and more people are locking their TON away. When tokens get locked, they leave the market. Less supply is available. But demand keeps climbing. That combination pushes prices up — and that is exactly what is happening right now.
The numbers back this up, too. TON handled nearly 67 million transactions in April 2026 alone. That was its best month all year. The staking ratio on the network also climbed by 18% during the same period.
TON is now sitting between $2.80 and $3.00. That range is a big test.
If TON breaks above $3.00 cleanly and holds it, analysts say the next target zone is somewhere between $6 and $7. That would mean the price more than doubles from where it is right now.
But it is not all good news.
The RSI — a tool that shows whether a coin is overbought — has gone above 93. Anything above 70 is already considered overbought. At 93, it means the price has moved very fast, and a cooldown could come at any time.
As per CoinGlass, Open interest in TON futures hit $628 million. That is the highest it has been in over three years. Trading volume crossed $4.15 billion — the highest ever recorded for TON.
These are signs of real excitement. But they are also warning signs. When too many traders pile in at once, the exit can get messy.
Short-term traders should be careful. The upside is real. But so is the risk.
This article is for informational purposes only and does not constitute financial advice. Crypto markets are highly volatile. Always do your own research before making investment decisions.