Toncoin (TON) has neared its all-time high, surging in a moment to $5.6 before retracting back to $5.24.
The surge in TON's price follows a set of positive developments surrounding the project dun in large part to its association with Telegram, the cloud messaging platform founded by the Durov brothers and one of the mostly widely used messaging applications in the world.
One significant factor behind the price surge appears to be Telegram's plan to go public with a valuation of $30 billion. Although the exact timeline is uncertain, this announcement propelled TON's price from $2.78 to $4.46.
