➤ Telegram founder Pavel Durov announced Telegram will replace the TON Foundation as the main force behind The Open Network (TON), becoming its largest validator.
➤ Following the announcement, Toncoin (TON) surged 28% to trade near $1.82, with Telegram planning new developer tools, website upgrades, and performance improvements for TON by late May.
➤ This move aligns with Telegram's broader strategy to leverage its user base for TON-based products, focusing on 'tech superiority' and reduced network fees.