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CryptoUpdated×2•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Toncoin Jumps 5% as Pavel Durov Announces Catchain 2.0 Network Upgrade

Key Facts

1Large wallets (whales) purchased 190,000 Toncoin (TON) tokens recently.

2Toncoin's market cap has dropped by 66%.

3This activity is occurring amid prevailing caution in the broader cryptocurrency market.

about 2 months ago

Version History

11 additional sources confirmed this story

Version 2about 2 months ago

What changed: Added broader market context regarding capital concentration in major assets and extreme oversold signals in the smaller altcoin sector.

Version 1about 2 months ago

What changed: Updated headline and body to reflect the 5% price surge and the announcement of the Catchain 2.0 upgrade by Pavel Durov.

Toncoin (TON) rose 5% to reach $1.30 following Pavel Durov's announcement of the Catchain 2.0 upgrade to enhance network efficiency. This technical milestone aims to accelerate block production and enable sub-second transaction confirmations, supporting momentum after whales accumulated 190,000 units. However, broader market data reveals that top-tier investors are heavily concentrating capital in Bitcoin (82%), Ethereum (80%), and XRP (70%). Simultaneously, a cluster of smaller altcoins is flashing "extreme oversold" readings on the Relative Strength Index (RSI). Despite these technical signals, ongoing caution persists toward higher-volatility crypto assets across the sector. The TON/USD pair remains under close watch as investors balance this specific technical progress against broader market liquidity trends.