Toncoin (TON) soared to a one-year high, ranking as the 10th-largest cryptocurrency with a record $9 billion market cap. The surge followed Telegram’s introduction of “Giveaways,” with CEO Pavel Durov using $200,000 in TON tokens for premium subscriptions. The move spurred a 19.5% price rally and increased trading volumes. TON’s integration into Telegram’s platform and partnerships with Blockchain.com and Dubai International Financial Centre signal positive momentum.