Toncoin price jumps 18% as Telegram takes operational control of the TON network

Toncoin surged 18.4% to $2.151 following Telegram's deeper integration and operational control of the TON network. This significant price increase is driven by Telegram taking direct control, reducing fees by approximately six times, and promising new developer tools, potentially boosting TON's long-term utility and payment narrative. Despite recent gains, Toncoin remains down 29.3% year-over-year, indicating the current rise is part of a recovery phase rather than a full bull cycle.