Krutika Adani
Toncoin surpassed Avalanche to become the 10th largest crypto by market cap.
The 5% surge in the price of TON was accompanied by a 50% upside in trading volume.
The rise is attributed to the $30 billion valuation at which Telegram brings its IPO.
TON is very closely associated with Telegram, which indeed established the cryptocurrency.
Charts suggest that the growth might continue even further to $7.