Current Price and Market Data (as of May 15, 2025):
- Price: $3.23 USD
- 24h Change: -5.92%
- Market Cap: $8.04 billion
- 24h Trading Volume: $176.79 million
- Circulating Supply: 2.49 billion TON
- All-Time High: $8.27 (June 2024) (Binance, crypto.news)
Recent Developments:
- Leadership Change: Maximilian Crown, former CFO and COO at MoonPay, appointed as CEO of the TON Foundation.
- Ecosystem Expansion: Launch of TON Teleport BTC, a decentralized bridge facilitating seamless BTC transfers within the TON network.
- Telegram Integration: TON serves as the official Web3 infrastructure for Telegram, enabling features like in-app payments and decentralized applications. (New York Post, TON Blog, CoinMarketCap)
Historical Context:
- Originally developed by Telegram as the “Telegram Open Network” with the native token “Gram.”
- In 2020, Telegram ceased involvement due to SEC litigation.
- The project was revived by the community as “The Open Network” (TON) with “Toncoin” as its native cryptocurrency. (CoinMarketCap)
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