Key Highlights
- Toncoin surged 18.4% over 24 hours, reaching $2.15, following Pavel Durov’s announcement that Telegram is taking over from the TON Foundation as the network’s primary driving entity.
- Network fees have been slashed approximately six-fold, bringing costs close to zero, with enhanced developer resources scheduled for late-May deployment.
- Daily staking deposits surged to $191.83 million — marking the strongest single-day activity in almost four months.
- The Relative Strength Index climbed between 88.72 and 89.04, pushing TON into extreme overbought levels and signaling potential near-term correction risks.
- Critical price barriers exist at $2.36–$2.80 on the upside, while $1.90 represents essential support below current trading levels.
Toncoin’s valuation has experienced a dramatic upward shift following Telegram’s expanded commitment to the TON blockchain infrastructure. The token posted a 61.4% gain across the previous seven days and climbed nearly 69.4% over the trailing month, establishing one of its most robust short-term performances in recent memory.
The 18.4% surge within a single day brought TON’s price to $2.15. Nevertheless, the asset remains 29.3% below its level from twelve months ago, indicating that the present upward movement exists within a broader recovery trajectory.
On May 4, 2026, Telegram’s founder Pavel Durov revealed the strategic shift via X. Durov disclosed that transaction costs on TON have decreased six-fold to near-zero levels, while Telegram is stepping in to replace the TON Foundation as the network’s central development force and largest validation entity. He emphasized upcoming releases including advanced developer utilities, performance enhancements, and a redesigned ton.org portal. Market analyst Mike S. highlighted that sustained trading above $1.95 combined with a volume-supported breakout past $2.36 could propel prices toward the $3.00 threshold.
This announcement fundamentally altered market sentiment surrounding TON. Staking deposits exploded by roughly $191.83 million within a 24-hour window — the highest influx recorded in approximately four months. Concurrently, short positions faced severe pressure, resulting in derivative liquidations totaling around $7.17 million throughout the rally.
Chart Analysis Reveals Momentum with Warning Signals
From a technical perspective, TON is currently positioned above all significant daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day indicators — a configuration generally associated with persistent upward momentum.
Yet the 14-day RSI has escalated to 88.72, positioning TON firmly within extreme overbought conditions. Historical patterns show that RSI measurements exceeding 80 have frequently preceded price corrections or prolonged consolidation phases. The MACD remains in negative territory, though the histogram displays emerging bullish characteristics, indicating the trend may still be in its nascent stages.
Resistance zones are established at $2.36 through $2.80. Beneath current pricing, $1.90 serves as the crucial support threshold, with $1.50 functioning as a more substantial invalidation marker.
Validator Ecosystem Intensifies Network Engagement
With Telegram’s emergence as the dominant validator, competing participants are now engaging more aggressively within the validator pool to capture staking rewards exceeding 20% APR. This heightened competition is anticipated to channel additional TON into the network’s validation infrastructure.
Enhanced developer resources and performance improvements are scheduled for late-May introduction via the refreshed ton.org platform. Given Telegram’s worldwide user base spanning hundreds of millions, the TON network now occupies a strategic position bridging messaging services, payment systems, and decentralized application ecosystems.
Staking deposits hitting $191.83 million within a single day represented the most substantial activity surge observed in nearly four months.
