Toncoin Surges Over 100% as Telegram Takes Lead

Toncoin (TON) has surged more than 100% in the past week, according to CoinGecko data, following an announcement by Telegram CEO Pavel Durov. Telegram will replace the TON Foundation as the primary driver and largest validator of the Toncoin network, according to BeInCrypto. This development has sparked renewed discussions about an altcoin season, although some analysts remain cautious. Other notable gainers include Zcash (ZEC), Internet Computer (ICP), Bittensor (TAO), and Ondo (ONDO). Despite these gains, the Altcoin Season Index remains below the threshold, indicating selective outperformance rather than a broad rally.