TON Price Jumps as Pavel Durov Reveals Major Updates on Telegram & Toncoin
Highlights
- TON price surged over 7% following Pavel Durov’s major network updates announcement.
- Transaction fees on TON dropped nearly to zero, boosting user and developer interest.
- Telegram plans deeper integration, aiming to become TON’s primary driver and validator.
Toncoin (TON) price has recorded a surge of more than 7% today, after Telegram founder and CEO Pavel Durov shared major updates for the network. In a recent X post, Durov said that the TON fees have dropped to nearly zero, which has fueled optimism among the market participants.
In addition, he has also shared major updates on the role of Telegram on TON Foundation, which has further caught the eyes of traders.
Pavel Durov Reveals Major Update on TON Foundation
Telegram founder Pavel Durov has recently revealed plans for a major transformation in the TON network structure. He has highlighted the declining transaction fees on the network recently.
According to his post, the TON fees have already dropped sixfold to almost zero. This development is expected to boost the appeal of the network among users as well as the developers.
Meanwhile, Durov also said that Telegram will play a major role in the development of Toncoin ecosystem. He noted that Telegram aims to become the primary driving force behind the network instead of relying on TON Foundation.
In addition, he suggested that Telegram would emerge as a large validator of the network. This hints at a deeper integration between Telegram and TON.
For context, it might boost trust among users who already rely on Telegram’s global platform. Durov emphasized that the focus will now move toward technological excellence.
Durov also hints at upcoming upgrades, which include a revamped official website, improved developer tools, and better network performance. The timeline for these upgrades to roll out is within two to three weeks, which might have further helped gains in Toncoin (TON) price.
TON Price Advances 7%, Rally to Sustain?
Following the announcement, Toncoin (TON) price recorded a surge of around 7.5% and exchanged hands at $1.44. The daily trading volume of the token has also rocketed 235% to $232.74 million, suggesting increased trading activity in the market.
Meanwhile, Toncoin has been on the investors’ radar for a long time, especially amid the soaring popularity of Telegram among the crypto market participants. Last year, BlackRock and Mubadala provided a combined funding of $1.5 billion to the firm behind the leading messaging app.
However, a TON price prediction suggests that the crypto might consolidate in the coming weeks. Despite that, the investors would closely track the upcoming developments, which might help in a continuing run towards the north for Toncoin price.
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