The post Ton coin Price Soars, Telegram To Raise $1.5B Through Bond Issuance appeared on BitcoinEthereumNews.com.

Ton coin price experienced excitement within hours after a Telegram announced a $1.5 billion 5 year-bond. The cryptocurrency has been struggling to gain momentum in the second half of May but the bond announcement triggered renewed interest. Ton coin price surged from the day’s low at $2.97 on Wednesday morning, to as high as $3.68 at press time. This meant it was up by over 22% in the last 24 hours, which was its highest daily gain observed since late March. This rally also made Toncoin the biggest gainer among the top 50 coins on Wednesday. Toncoin price action/ source: TradingView The surge in the last 24 hours was a clear sign of investor excitement, marked by a sizable uptick in the RSI from below the 50% level. This lest Ton coin price uptick reignited bullish optimism considering that he cryptocurrency previously struggled with low investor appeal. Toncoin price has been sliding for more than 2 weeks despite the recent market excitement during the same phase, which saw BTC soar to new highs. Why the $1.5 Billion Telegram Bond is Reigniting Investor Appeal Telegram previously found itself facing negative publicity largely due to content moderation issues after heavy regulatory scrutiny. However, there is one major issue that had not received much airtime. The network had been struggling with an outstanding debt that went as far back as 2021. Reports revealed that the $1.5 billion that Telegram is planning to raise through its bond issuance will be used to offset the 2021 debt. Source: X The bond issuance was a positive move for the company, highlighting its intensions to honor debtors.  The list of investors that lined up to participate in the bond was more interesting. Major finance industry players such as Citadel, and BlackRock among others expressed interest in the…

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Filed under: News - @ May 28, 2025 8:24 pm