TLDR
- Toncoin jumped 18.4% in 24 hours to $2.15 after Telegram founder Pavel Durov confirmed the platform is replacing the TON Foundation as the network’s driving force.
- Transaction fees were cut by roughly six times, now sitting near zero, alongside new developer tools expected in a late-May rollout.
- Staking inflows hit $191.83 million in a single day — the highest level in nearly four months.
- The RSI reached 88.72–89.04, placing TON deep in overbought territory and suggesting a possible short-term pullback.
- Key resistance sits at $2.36–$2.80, while $1.90 is the critical support level to watch.
Toncoin’s price has surged sharply after Telegram deepened its involvement in the TON blockchain. Over the past week, TON gained 61.4%, and over the past month it climbed nearly 69.4%, making it one of the stronger short-term rallies in the token’s recent history.
The 24-hour move of 18.4% pushed TON to $2.15. Despite this, the token is still down 29.3% over the past year, meaning the current rally is happening within a longer recovery phase.
🚨HUGE: TON MARKET CAP DOUBLES IN 4 DAYS$TON surged from $3.6B to $7.3B, a 100% jump, amid Telegram’s takeover of the ecosystem. pic.twitter.com/bMHEaKrymk
— Coin Bureau (@coinbureau) May 7, 2026
Telegram founder Pavel Durov announced the change on X on May 4, 2026. Durov wrote that fees in TON have dropped six times, to nearly zero, and that Telegram would replace the TON Foundation as the main driving force behind TON and become its largest validator. He also noted a focus on new developer tools, performance upgrades, and a new ton.org website. Crypto analyst Mike S. noted that if price sustains above $1.95 and breaks $2.36 with volume, continuation toward $3.00 becomes likely.
Telegram becoming TON’s largest validator strengthens decentralization.
It lets other major players join the validator pool without centralizing the network — with Telegram as the counterbalance.
📈 More and more TON gets locked in validation as everyone competes for 20%+ APR.
— Pavel Durov (@durov) May 5, 2026
The news shifted how the market values TON. Staking inflows jumped by approximately $191.83 million in a single day — the highest in about four months. At the same time, short sellers were caught off guard, with around $7.17 million in derivatives liquidations recorded during the rally.
Technical Picture Shows Strength but Caution
From a technical standpoint, TON is trading above all major daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day levels — a setup typically linked with sustained bullish momentum.
$TON is up 61% on the week. Two things are converging – technical improvements and a meaningful governance shift with Pavel Durov actively pushing.
On the tech side: block rate up 6x, transactions now subsecond, fees down 6x to near zero, new dev tools and performance upgrades… pic.twitter.com/N5B5dzyetW
— Mike S (@Mikesi30) May 6, 2026
However, the 14-day RSI has climbed to 88.72, placing TON deep in overbought territory. In previous cycles, RSI readings above 80 have often been followed by corrections or extended consolidation. The MACD is still in negative territory but the histogram is showing early bullish formation, suggesting the trend is in its early stages.
Resistance sits at $2.36 to $2.80. Below the current price, $1.90 is the critical support level, with $1.50 acting as a deeper invalidation point.
Validator Competition Adds to Network Activity
With Telegram becoming the largest validator, other participants are now competing more actively in the pool to earn staking returns reported above 20% APR. This increased competition is expected to drive more TON into the network’s validation process.
New developer tools and performance upgrades are expected in a late-May rollout through the updated ton.org platform. With Telegram’s global user base of hundreds of millions, the TON network now sits at an intersection of messaging, payments, and decentralised applications.
Staking inflows reaching $191.83 million in a single day marked the highest activity level in nearly four months.
