TON price doubles after Telegram made a move critics say cuts against crypto’s core promise

Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion. The catalyst was Pavel Durov's announcement that Telegram would replace the TON Foundation as the network's primary driving force and become its largest validator within two to three weeks. [ ]