Recently, TON (The Open Network) has experienced a strong rebound in price, attracting widespread attention from the cryptocurrency market. As the 'favorite child' of the Telegram ecosystem, TON demonstrates great potential due to its large user base and stickiness. Although its ecological development was previously hindered by weak infrastructure and traffic bottlenecks, recent dynamics show that its price has doubled, and market sentiment believes this is just the beginning. Analysts point out that if TON can break through the centralization bottleneck and launch breakout applications, it may truly take off. Meanwhile, retail participation and the cautious attitude of large funds remain key variables. Currently, TON's rebound not only reflects a recovery in market confidence but also adds imaginative space for its future development.