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Toncoin (TON) Jumps 15% Following Telegram’s $1.5B Bond Sale and Key Strategic Hire
Toncoin (TON) Jumps 15% Following Telegram’s $1.5B Bond Sale and Key Strategic Hire
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) experienced a significant rally, surging over 15% within 24 hours, including a sharp 13% increase in just 2.5 hours. The token’s price reached $3.43, elevating its market capitalization to $8.55 billion. Trading volume skyrocketed by 195% to $419 million, indicating strong investor interest.
This upward movement aligns with Telegram’s $1.5 billion bond issuance and the TON Foundation’s strategic hire to enhance payments infrastructure. Despite legal issues involving CEO Pavel Durov in France, the bond sale successfully attracted major investors such as BlackRock and Mubadala, priced at a 9% yield to refinance debt from 2021.
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