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TON price doubles after Telegram made a move critics say cuts against crypto’s core promise

By Gino Matos at 2026-05-09 05:08

Sentiment: Negative

Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion. The catalyst was Pavel Durov's announcement that Telegram would replace the TON Foundation as the network's primary driving force and become its largest validator within two to three weeks. […] The post TON price doubles after Telegram made a move critics say cuts against crypto’s core promise appeared first on CryptoSlate. Continue reading...

Categories: Analysis

Tags: #Analysis #Culture #DeFi #Featured

Source CryptoSlate