The 69% Trade: Telegram's TON Takeover and the Price of Mass Adoption

Telegram's CEO Pavel Durov announced that Telegram would replace the independent TON Foundation as the driving force behind The Open Network blockchain, resulting in a 69% surge in Toncoin's price. This move brings TON back in-house and ties Telegram's business model to TON. The market is celebrating with trading volume exceeding $1.8 billion.