Gram (prev. Toncoin)

Cap Finance

Coin

<h2 id="a-near-100-weekly-gain">A Near-100% Weekly Gain</h2>
<a href="https://x.com/ton_blockchain" rel="noopener noreferrer nofollow">@ton_blockchain</a>'s native token <a href="https://x.com/search?q=%24TON&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$TON</a> has posted one of the crypto market's most striking moves of the week. <cite>With a price increase of roughly 88% in the last seven days, Toncoin is outperforming the global cryptocurrency market, which is up just 2.50% over the same period.</cite> At the time of writing, <cite>with a circulating supply of 2.7 billion TON, Toncoin is valued at a market cap of approximately $6.73 billion.</cite> That puts <a href="https://x.com/search?q=%24TON&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$TON</a> ahead of <a href="https://x.com/Stellar" rel="noopener noreferrer nofollow">@Stellar</a>'s <a href="https://x.com/search?q=%24XLM&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XLM</a> and <a href="https://x.com/SuiNetwork" rel="noopener noreferrer nofollow">@SuiNetwork</a>'s <a href="https://x.com/search?q=%24SUI&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SUI</a> in the rankings.
<cite>The asset reportedly saw its market capitalisation double within just four days, moving from approximately $3.6 billion to $7.3 billion.</cite><cite>Open interest in TON futures hit $628 million, the highest in over three years, while trading volume crossed $4.15 billion, the highest ever recorded for TON.</cite>
<h2 id="telegram-steps-in-as-primary-validator">Telegram Steps In as Primary Validator</h2>
The catalyst behind the rally is a structural shift in how the network is governed. <cite>Telegram founder Pavel <a href="https://x.com/durov" rel="noopener noreferrer nofollow">@durov</a> announced that Telegram will take over the TON Foundation's primary responsibilities and become the network's largest validator, as part of the "Make TON Great Again" (MTONGA) initiative, which includes staking around 2.2 million TON and promises rapid tech upgrades.</cite><cite>Telegram, a platform with over 900 million users around the world, is now standing behind this network.</cite>
The announcement came alongside meaningful technical improvements. <cite>A Catchain 2.0 consensus upgrade made the blockchain ten times faster, enabling sub-second transaction confirmations, while transaction fees were slashed sixfold to near-zero in late April 2026.</cite><cite>After the update, sending a transaction on TON costs just $0.0005, less than one-tenth of a cent.</cite><cite>Telegram and the TON Foundation have also stated a joint mission to onboard 30% of all Telegram users to TON by 2028.</cite>
Despite the excitement, some caution is warranted. <cite>The RSI currently sits at 93.10, indicating that the TON market is in an overbought position.</cite><cite>Technical analysis suggests the vertical surge is overstretched, with a high risk of profit-taking and volatility near the $3 resistance level.</cite> As always, past performance is not indicative of future results.
This article is for informational purposes only and does not constitute investment advice.
Sources: <a href="https://www.coingecko.com/en/coins/toncoin" rel="noopener noreferrer nofollow">Toncoin Live Price and Market Cap - CoinGecko</a> <a href="https://coinmarketcap.com/cmc-ai/toncoin/latest-updates/" rel="noopener noreferrer nofollow">Latest Toncoin News and Market Insights - CoinMarketCap</a> <a href="https://www.coingabbar.com/en/price-prediction/toncoin-price-surges-durov-telegram-validator-ton-rally-may-2026" rel="noopener noreferrer nofollow">Why Toncoin Price Surged After Durov's Announcement - CoinGabbar</a>

Ton Coin Price Doubles In One Week

Table of Contents

BSCN

Other articles published on May 9, 2026

Join our free newsletter for daily crypto updates!