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. Alongside that, ton.org was updated to state that the domain is “controlled by MTO…