TONCOIN (TON) fluctuates 35.7% in 24 hours (high of $1.913): Telegram takes over foundation and fee reduction drives surge
Bitget Pulse2026/05/05 16:02Volatility Overview
TONCOIN rebounded from a low of $1.410 to a high of $1.913 in the past 24 hours. The current price is $1.811, with a swing of 35.7% and an overall increase of approximately 30%-36%. The 24-hour trading volume surged to about $858 million, up 652.40% from the previous day, indicating a significant increase in capital activity.
Brief Analysis of the Price Movement Reasons
- Telegram announced it will take over the TON Foundation and significantly reduce network fees. This move reshapes market expectations for Telegram's dominance over the TON ecosystem, directly pushing the price up 36% within 24 hours.
- The TON blockchain has been upgraded, resulting in a 10x speed improvement, a 6x increase in block generation rate, and near-instant transaction confirmations, further enhancing network appeal.
- Coupled with bitcoin breaking above $80,000, the overall altcoin market rebounded, with TON among the top performers in the CoinDesk 100 index, up 28%.
Market Viewpoints and Outlook
Market sentiment remains optimistic, with TON regarded as a symbol of Telegram ecosystem revival. The community is actively discussing network upgrades and integration potential, while traders focus on the $1.50 support level. Analysts warn of short-term pullback risks but remain optimistic about continued capital inflow and ecosystem-driven upside.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference 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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