Toncoin (TON) has reached record-breaking heights, surpassing $7 and overtaking Cardano (ADA) in market capitalization. Despite a minor 0.3% dip in trading price to $6.8, its trading volume surged by 20%, indicating strong investor interest.
Pavel Durov, founder of Telegram, hinted at the company’s potential IPO in a Financial Times report, emphasizing Telegram’s path to profitability.
With over 900 million monthly active users and valuation offers exceeding $30 billion, Durov aims to maintain Telegram’s independence while exploring IPO options, potentially offering shares to loyal users.
Driven by bold declarations from Pavel Durov, the billionaire mastermind behind Telegram, Toncoin has recently experienced an extraordinary surge.
Durov’s ambitious plans to seamlessly integrate Toncoin into the messaging platform, advocating for its adoption as a payment method and a means of rewarding advertising efforts, have ignited widespread excitement.
This enthusiasm and significant token acquisitions have propelled Toncoin’s price to soar by an astounding 135% in just the past month.
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