CoinsAQ summary · neutral
TON Social Buzz Explodes 6x in an Hour: Centralization Suddenly Looks Bullish?
What happened
Toncoin (TON) has rallied significantly this week after Telegram founder Pavel Durov revealed that his company will replace the TON Foundation, assume the role of the largest validator, and reduce fees by roughly six times. The price moved from $1.30 on May 3 to around $2.50 in.
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Deposits have remained available throughout the incident and were not affected, the company noted.