Key Highlights
- Toncoin rallied more than 35% on May 7, climbing to $2.90 — the highest level witnessed since September 2025.
- The explosive rally kicked off May 4 from $1.35, marking a remarkable 114% increase within a 72-hour window.
- Pavel Durov, founder of Telegram, unveiled enhancements for the TON Foundation and proclaimed TON as the blockchain leader in transaction finality speed.
- Open interest soared to $569 million, marking a three-year peak, accompanied by trading volume hitting $3.31 billion.
- Crypto analyst Javon Marks anticipated this rally, identifying TON at $1.38 before projecting a breakout targeting $3.
Toncoin’s journey began on May 4 with a price of $1.35. Just three days later, during Asian market hours on May 7, it surged to $2.90. This represents a staggering 114% climb in a mere 72 hours, occurring while broader cryptocurrency markets remained relatively subdued.
The $2.90 mark represents TON’s strongest performance since late September 2025. However, with Toncoin’s all-time peak sitting at $8.24, significant room remains before challenging that historical ceiling.
Trading activity provided compelling evidence of surging market interest. Total volume skyrocketed to $3.31 billion, establishing an all-time record for Toncoin. CoinMarketCap reported daily volumes of $1.84 billion following an impressive 84% jump.
The primary driver behind this momentum was Pavel Durov, Telegram’s creator. He unveiled significant improvements coming to the TON Foundation and declared that TON now holds the top position among blockchains for transaction finality speed — essentially confirming transactions faster than any competing network.
Cryptocurrency analyst Javon Marks had been monitoring TON’s trajectory carefully. He revealed that he initially identified TON around $1.38, positioned at the threshold of a potential breakout, and forecasted a substantial movement toward the $3 mark. Following his analysis, TON jumped nearly 84% to surpass $2.50, with Marks suggesting additional upside potential remains.
Telegram Strengthens Its Bond with TON
Durov also revealed that Telegram intends to gradually assume control from the TON Foundation as the network’s primary governing entity. This represents a fundamental organizational transformation. Previously positioned as a community-driven blockchain, TON is now transitioning toward enhanced integration with Telegram’s technical infrastructure.
Telegram currently incorporates TON within its advertising framework. Advertisers compensate using Toncoin, while content creators earn revenue shares distributed through the TON ecosystem. The Telegram Stars initiative is anticipated to broaden this integration throughout the upcoming months.
During the first quarter of 2026, the TON network handled approximately 1.5 billion transactions. The TON v4 enhancement reportedly elevated theoretical throughput capacity beyond 100,000 transactions per second, while transaction costs dropped nearly to zero.
Derivatives Market Hits Three-Year Peak
Open interest for Toncoin futures contracts climbed to $569 million, representing the highest measurement recorded in more than three years based on Coinglass analytics. The funding rate registered at 0.0173%, indicating that long positions maintain market dominance.
Elevated funding rates combined with unprecedented volume can occasionally suggest an overheated market condition. Weekly chart Bollinger Bands are widening, indicating ongoing volatility ahead. The RSI currently reads 67, confirming bullish momentum remains intact without reaching overbought extremes.
The $3 threshold represents the critical psychological barrier ahead. TON has yet to successfully breach this level.
Tokens built on the Toncoin ecosystem also experienced substantial price action. Notcoin alongside several smaller TON-based projects recorded significant gains during this identical timeframe.
