Telegram takeover drives Toncoin surge amid massive staking inflows, near-zero fees and overbought RSI

Toncoin (TON) rallied sharply after Telegram founder Pavel Durov announced Telegram would replace the TON Foundation as the primary force driving the network, with reported short‑term gains varying across outlets — roughly 18%–32% — including a cited 18.4% rise to $2.15 and other reports of 23% to $2.44 and a 32% intraday jump ^{[1] [2] [3]}.

Reports said on‑chain activity and network conditions shifted alongside the price move: one outlet noted transaction fees fell about sixfold to near‑zero, a single‑day staking inflow of $191.83 million, and an RSI reading pushing TON into overbought territory near 88–89; the same report also said new developer tools were scheduled for release in late May ^[1].

Volume and market‑cap context varied by report — one source cited roughly $1.34 billion in 24‑hour volume and a market capitalization near $6.5 billion during the May 7 window — and multiple headlines framed the move as Telegram deepening its crypto bet while asking whether a $3.00 level could be next ^{[2] [4] [1]}.

The market reaction followed Telegram’s stated change in network leadership, with several outlets documenting notable price, staking and volume increases; readers should monitor official Telegram and TON network announcements for confirmation of ongoing operational or governance changes ^{[1] [2]}.