<ul><li>Toncoin price surged 13% in the past 24 hours, becoming the top gainer on Wednesday amidst broader market struggles for Bitcoin and other altcoins.</li><li>The rise in TON's price followed significant announcements by the TON Foundation and news related to Telegram, with TON trading at $3.48 with a volume of $745 million.</li><li>This surge in Toncoin's price saw a 410% increase in trading volume, hitting $745 million, with the price reaching highs of $3.69 before slightly retracting to $3.48 at the time of reporting.</li><li>Positive news surrounding the appointments and plans of the TON Foundation and Telegram, including the appointment of Nikola Plecas as Vice President of Payments and Telegram's $1.5 billion bond sale, contributed to the upbeat sentiment and price gains.</li></ul>

Toncoin price spikes 13% amid major Telegram-related news

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