Key Highlights
- Toncoin jumped more than 35% on May 7, climbing to $2.90 — a price level last seen in September 2025.
- The upward movement started on May 4 from $1.35, marking a 114% increase within a three-day window.
- Pavel Durov, founder of Telegram, revealed plans for TON Foundation improvements and praised TON as the blockchain with the fastest finality speed.
- Open interest climbed to $569 million, marking a three-year peak, with trading volume surging to $3.31 billion.
- Market analyst Javon Marks anticipated this rally, identifying TON at $1.38 before forecasting a movement toward $3.
Toncoin began the trading day on May 4 priced at $1.35. Within 72 hours, during Asian market hours on May 7, the asset climbed to $2.90. This represented a 114% appreciation while broader cryptocurrency markets remained relatively stable.
The $2.90 price point marked the highest valuation for TON since the final days of September 2025. Toncoin’s peak historical price stands at $8.24, indicating substantial distance remains before approaching previous record levels.
Trading activity data revealed the magnitude of market participation. Daily volume surged to $3.31 billion, establishing a new all-time record for Toncoin. CoinMarketCap reported volumes of $1.84 billion following an 84% increase.
The primary driver behind this rally came from Pavel Durov, Telegram’s founder. He unveiled upcoming improvements to the TON Foundation while declaring TON the leading blockchain for transaction finality speed — indicating faster confirmation times compared to competing networks.
Cryptocurrency analyst Javon Marks had tracked TON’s trajectory before the breakout. He shared that he initially identified TON near $1.38, positioned at a critical breakout threshold, and forecasted significant upward movement toward $3. Following his analysis, TON surged approximately 84% to surpass $2.50, with Marks suggesting additional gains remain possible.
Telegram Assumes Greater Control Over TON Network
Durov indicated that Telegram intends to gradually assume the role currently held by the TON Foundation as the primary development authority for the network. This represents a fundamental organizational transformation. TON had previously operated under a community-governance model, yet the network now transitions toward closer alignment with Telegram’s technical framework.
Telegram currently integrates TON within its advertising infrastructure. Advertisers compensate using Toncoin, while content creators earn revenue shares distributed through the TON platform. The Telegram Stars initiative is scheduled to broaden this integration throughout upcoming months.
During Q1 2026, the TON network executed approximately 1.5 billion transactions. The TON v4 technical upgrade allegedly elevated theoretical throughput capacity beyond 100,000 transactions per second, simultaneously reducing transaction costs to near-zero levels.
Derivatives Market Activity Hits Three-Year Peak
Open interest within Toncoin futures contracts escalated to $569 million, representing the highest measurement recorded across the past three years based on Coinglass tracking data. The funding rate registered at 0.0173%, indicating predominance of long position holders.
Elevated funding rates combined with record trading volumes can occasionally indicate potential for price exhaustion. Weekly chart Bollinger Bands demonstrate expansion patterns, suggesting sustained volatility ahead. The RSI indicator currently registers at 67, confirming bullish momentum while remaining below extreme overbought territory.
The $3 price threshold represents the critical psychological barrier ahead. TON has yet to breach this resistance level.
Tokens operating within the TON ecosystem experienced parallel price movements. Notcoin alongside various smaller TON-based assets recorded substantial percentage gains throughout this identical timeframe.
