#GateSquareMayTradingShare

The Toncoin (TON) exchange rate hit a six-month high, rising above $2.2 for the first time since early November 2025. In the last 24 hours, the native cryptocurrency of the TON ecosystem has increased by 25%, and over two days — by 65%.
The coin has risen to 17th place in the list of the largest cryptocurrencies. Over the past day, it overtook Stellar (XLM), DAI (DAI), and Canton (CC) in this ranking. TON's market capitalization exceeded $6 billion.
The growth of Toncoin began after Telegram founder Pavel Durov on the evening of May 4 called to "make TON great again" and stated that the messenger would become the largest validator of the TON blockchain.
Validators are participants in the blockchain network who confirm transactions and support the operation of the blockchain. To do this, they lock their own coins in staking and receive rewards for processing transactions and creating new blocks. The more coins a validator has staked, the greater its influence on the network’s operation.
On the evening of May 5, Durov wrote that turning Telegram into the largest validator of the TON blockchain promotes decentralization. This allows other major players to join the validator pool without centralizing the network — with Telegram as a counterbalance, he wrote.
By that time, the TON exchange rate had stopped its sharp rise, but after Durov’s new post, the upward movement resumed. As of 12:00 Moscow time on May 6, Toncoin is trading at around $2.26.
There are a total of 400 validators in the TON network. According to blockchain explorer Tonscan, since the end of April, Telegram has already directed over 200 million TON ($446 million at the current rate) through several dozen of its validator nodes into staking and continues to do so.