Key Highlights
- TON cryptocurrency jumped more than 35% on May 7, climbing to $2.90 — the highest valuation since September 2025.
- The explosive rally kicked off May 4 from $1.35, delivering a remarkable 114% increase within 72 hours.
- Pavel Durov, founder of Telegram, revealed significant TON Foundation improvements and highlighted TON as the blockchain with the fastest finality time.
- Derivatives open interest soared to $569 million, marking a three-year peak, while daily trading volume touched $3.31 billion.
- Crypto trader Javon Marks anticipated this movement, identifying TON at $1.38 and forecasting a breakout trajectory toward the $3 mark.
Toncoin began trading at $1.35 on May 4. Just three days later, during Asian market hours on May 7, the price climbed to $2.90. This explosive 114% rally unfolded while most other cryptocurrencies remained relatively stagnant.
The $2.90 price point represents TON’s strongest performance since the final days of September 2025. Despite this impressive surge, Toncoin remains significantly below its record peak of $8.24, indicating substantial room for potential growth before retesting previous highs.
Trading activity painted a vivid picture of market enthusiasm. Daily volume surged to an unprecedented $3.31 billion, establishing a new all-time record for Toncoin. Data from CoinMarketCap showed $1.84 billion in daily transactions following an 84% spike.
The primary driver behind this rally was Pavel Durov, Telegram’s creator. His announcement detailed forthcoming TON Foundation enhancements and proclaimed TON as the leading blockchain for finality speed — indicating transaction confirmations occur more rapidly than competing networks.
Cryptocurrency trader Javon Marks had been monitoring TON’s movements carefully. He shared that he initially identified TON near $1.38, positioned at a critical breakout threshold, and forecasted a significant rally toward $3. Following his analysis, TON rocketed nearly 84% above $2.50, with Marks suggesting additional upside potential remains.
In our original analysis, we spotted $TON at ~$1.38 right on the edge of a breakout and watched for a major move towards $3!
Since then, TON has made a near +84% move, surging wildly to $2.50+.
More to come
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(Toncoin) https://t.co/yVxQ5OYqyA pic.twitter.com/t4OAVBdtV8
— JAVON
Deepening Integration Between Telegram and TON Network
Durov further revealed plans for Telegram to gradually assume the TON Foundation’s primary operational responsibilities. This represents a fundamental organizational transformation. While TON initially operated as a community-governed blockchain, the network is now transitioning toward closer alignment with Telegram’s technical infrastructure.
Telegram currently incorporates TON within its advertising framework. Advertisers purchase ad space using Toncoin, while content creators earn revenue shares distributed through the TON platform. The Telegram Stars initiative is anticipated to broaden this integration throughout upcoming months.
During the first quarter of 2026, the TON network handled approximately 1.5 billion transactions. The TON v4 technical upgrade reportedly elevated theoretical throughput capacity beyond 100,000 transactions per second, while transaction costs approached near-zero levels.
Derivatives Market Hits Multi-Year Peak
Toncoin futures open interest climbed to $569 million, reaching its highest level in more than three years based on Coinglass metrics. The funding rate registered at 0.0173%, indicating long position dominance among traders.
Elevated funding rates combined with record-breaking volume can occasionally suggest a rally is becoming stretched. Weekly chart Bollinger Bands are widening, suggesting persistent volatility ahead. The Relative Strength Index stands at 67, demonstrating continued bullish momentum without entering overbought territory.
The $3 price threshold represents the crucial psychological barrier ahead. TON has yet to breach this resistance level.
Tokens operating within the TON ecosystem experienced parallel rallies. Notcoin alongside several smaller TON-based projects registered substantial gains during this identical timeframe.
The post Toncoin (TON) Price Skyrockets 114% After Durov’s Blockchain Upgrade Announcement appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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