Toncoin surged by more than 30% and meme coins across the TON ecosystem rallied after Telegram’s founder Pavel Durov said his company would become the network’s driving force.
Telegram is stepping in as the network’s largest validator and shifting its focus toward core technical development. A revamped ton.org, fresh developer tools, and performance upgrades are all expected within two to three weeks.
Toncoin climbed from $1.37 to $1.84 within 24 hours, pushing its market value to $4.5 billion. Over the same period, trading volume jumped 600% to more than $630 million.
Meanwhile, the combined market capitalization of TON-based meme tokens ballooned by 67% in a single day, per CoinGecko.
Notcoin, a tap-to-earn token that gained traction through Telegram mini-apps, climbed 26%. Dogs, a community-driven meme token native to TON, popped over 90%.
While a 90% jump in Dogs sounds remarkable, it occurred after the token had already given up the vast majority of its earlier gains. Dogs is still down around 96% from its peak, while Notcoin is roughly 98% below its all-time high of about $0.029, trading near $0.0004.
Smaller-cap tokens posted stronger moves. Morfey exploded nearly 1,000%. Resistance Duck jumped 645%. Cubigator rallied 390%.
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