Core

bullish

Wednesday

Gram (prev. Toncoin)

Toncoin price went parabolic this week, surging more than 100% after Telegram founder Pavel Durov announced a major strategic overhaul that places Telegram directly at the center of The Open Network ecosystem.
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 <div class="cn-block-summary__nav tabs">Summary
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 <li>Toncoin price surged more than 100% this week after Telegram founder Pavel Durov announced that Telegram would take direct control of TON ecosystem development.</li>
 <li>Telegram became the network’s largest validator and introduced the “Make TON Great Again” roadmap focused on scaling, faster transactions, and deeper Telegram integration.</li>
 <li>TON rallied after transaction fees were reduced to near-zero levels and the Catchain 2.0 upgrade improved block times to roughly 400 milliseconds.</li>
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According to data from crypto.news, Toncoin (<a href="https://crypto.news/price/toncoin/" rel="noopener noreferrer nofollow">TON</a>) climbed from below $1.20 earlier this week to as high as $2.90 on Wednesday before stabilizing near $2.43 at press time. The explosive move made TON one of the best-performing large-cap cryptocurrencies over the past seven days.
The primary catalyst behind the rally came after Durov <a href="https://crypto.news/why-is-toncoin-up-today-durov-puts-telegram-in-charge/" rel="noopener noreferrer nofollow">revealed</a> on May 4 that Telegram would replace the TON Foundation as the main force driving network development and adoption.
As part of the shift, Telegram has reportedly become the largest validator on the network after staking millions of TON tokens, aligning the company’s interests more directly with the blockchain’s long-term growth and stability.
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Durov also introduced a new roadmap dubbed “Make TON Great Again,” or MTONGA, which outlines a seven-step strategy focused on scaling infrastructure, improving transaction speeds, and expanding TON’s integration across Telegram’s ecosystem of over 1 billion users.
Investor sentiment strengthened further after the network sharply reduced transaction fees by nearly sixfold to around $0.0005, a move aimed at making TON more attractive for microtransactions, mini-apps, and consumer payments.
At the same time, TON’s recent Catchain 2.0 infrastructure upgrade significantly improved network performance by lowering block times to roughly 400 milliseconds, allowing near-instant transaction finality.
The combination of deeper Telegram integration, faster infrastructure, and lower transaction costs triggered aggressive buying activity across spot and derivatives markets, while short liquidations accelerated upside momentum.
On the daily chart, Toncoin price confirmed a powerful breakout from a prolonged accumulation range after exploding above the key $1.60 resistance zone.
<figure class="wp-block-image size-full"><img width="1827" height="954" src="https://media.crypto.news/2026/05/TONUSDT_2026-05-07_17-36-13.webp" alt="Toncoin price and RSI chart.">
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 Toncoin price and RSI chart — May 7 | Source: <a href="https://crypto.news/price/toncoin/" rel="noopener noreferrer nofollow">crypto.news</a>
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The rally also pushed TON above its 200-day moving average near $1.55, reinforcing bullish momentum and signaling a possible shift in long-term trend direction.
Momentum indicators suggest buyers remain firmly in control despite signs of short-term overheating.
The RSI surged above 90, reflecting extremely strong buying pressure, though such elevated levels could also signal a temporary cooling-off period or near-term volatility ahead.
At the same time, the moving average ribbon has started turning bullish, with shorter-term moving averages crossing back above longer-term averages following weeks of sideways consolidation.
If bullish momentum continues, traders could next target the psychological $3 level, followed by the broader resistance region near $3.20.
On the downside, failure to hold above the $2.00 breakout zone could trigger profit-taking and a retest of support near the $1.60–$1.70 range before another upward move.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Here’s why Toncoin price rallied over 100% this week

crypto.news

Other articles published on May 7, 2026

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