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TON Market Capitalization Doubles to $7.3 Billion in Four Days

According to crypto.news, Toncoin surged more than 100% this week after Pavel Durov announced a strategic overhaul that places Telegram at the center of The Open Network ecosystem.

TON

Fact Check
The core elements of the claim are well-supported: Pavel Durov did announce a strategic overhaul placing Telegram at the center of TON (replacing the TON Foundation as largest validator), and Toncoin did surge over 100% in approximately four days following the May 4, 2026 announcement, as confirmed by 'Here's why Toncoin price rallied over 100% this week' and 'Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON'. The market cap doubling is also corroborated by the MEXC headline 'TON Market Cap Doubles in Days Amid Telegram Ecosystem Surge'. However, the specific $7.3 billion figure is not precisely confirmed: news.bitcoin.com reports the peak market cap at $7.6 billion, while earlier rally snapshots show $4.5 billion. The $7.3 billion figure likely represents a mid-rally snapshot rather than the peak, introducing minor imprecision. The 'four days' timeframe aligns with the May 4 announcement to May 7 reporting date. Overall the claim is substantially accurate with a minor discrepancy in the exact market cap figure cited.
Summary

Toncoin extended its rally this week, with crypto.news reporting gains of more than 100% after Telegram founder Pavel Durov announced a strategic overhaul that makes Telegram central to The Open Network ecosystem. This adds to earlier market moves in which TON rose about 32% in 24 hours to $2.7 and its market capitalization doubled from $3.6 billion to $7.3 billion over four days, according to the provided statement and OKX market data. The broader TON ecosystem also advanced, with DOGS up more than 61% to $0.0000988 and HMSTR up more than 18% to $0.00022.

Terms & Concepts
  • The Open Network (TON): A blockchain network associated with Telegram that supports payments, apps, and other crypto-based services.
  • Toncoin: The native cryptocurrency of The Open Network, used for transactions, fees, and network-related activity.
  • Market capitalization: The total value of a cryptocurrency’s circulating supply, usually calculated by multiplying token price by circulating coins.