TON Surge as Ex-Visa Exec Joins Foundation
Toncoin, the native token with ticker
$TON of The Open Network (TON), the blockchain that supports web3 applications on Telegram, surged nearly 16% on May 28, 2025, after former Visa executive Nikola Plecas was named Vice President of Payments at the TON Foundation.
His appointment, aimed at enhancing TON’s payment infrastructure, sparked renewed investor confidence and significantly increased trading activity.
According to a report, the rally featured intense buying momentum, with
$TON skyrocketing from $3.18 to $3.29 in just two minutes, supported by volume spikes of over 2.1 million in a single minute.
Technical analysis highlighted strong support at $2.97 and new resistance at $3.27, along with a clear ascending channel. While some late profit-taking occurred, the sharp breakout and sustained volume suggest continued bullish momentum for
$TON .
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