TONCOIN (TON) fluctuates 31.9% in 24 hours: Telegram takeover of the TON network and transaction fees reduced sixfold drive rebound

Volatility Brief

In the past 24 hours, TONCOIN's price rebounded from a low of $1.537 to a high of $2.027, currently trading at $1.98, with a swing of 31.9%. Trading volume surged to approximately $974 million, a significant increase from the previous day. The Vol/MCap ratio has risen sharply, indicating signs of net capital inflow.

Analysis of the Reasons for the Anomaly

• Telegram founder Pavel Durov announced that Telegram will replace the TON Foundation as the main promoter and largest validator of the TON network. This news directly triggered a 36% price jump.

• TON network transaction fees were cut by 6 times, almost close to zero, driving a 2,934% surge in transaction volume to $150 million, stimulating user activity and capital inflows.

• No evident large whale sell-offs or negative on-chain events, with the anomaly mainly driven by the above-mentioned network upgrade and ecosystem announcements.

Market Perspectives and Outlook

The mainstream community sentiment is optimistic, viewing Telegram's deep integration as bullish for user distribution and decentralization. Discussions on X platform are focused on "AI agent wallet launch" and "developer tool upgrades," with a short-term bullish outlook. Analysts caution about high volatility (81% off ATH) and warn to be wary of potential SEC regulatory concerns and L1 competitive risks.