Toncoin has recorded a sharp move higher, rising 18.4% in the past 24 hours to $2.151, after a wave of structural changes linked to Telegram’s deeper involvement in the TON blockchain. Over the past week, TON has gained 61.4%, and over the last month it has climbed nearly 69.4%, marking one of its strongest short-term rallies in recent months. However, despite this momentum, the token is still down 29.3% over the past year, showing that the current rally is taking place within a longer recovery phase rather than a fully established bull cycle. Telegram’s direct control reshapes TON’s outlook The main driver behind the latest surge is Telegram’s decision to take direct operational control of the TON network.
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