TON, the native token of the Telegram-affiliated blockchain, surged 8.33% to $1.60 in the past 24 hours. This increase is attributed to significant ecosystem developments, including the launch of COCOON, a decentralized AI network by Telegram founder Pavel Durov, and the integration of tokenized U.S. stock trading through Telegram wallets. The token's rally was further supported by institutional interest, with recent listings on Bitstamp and backing from Coinbase Ventures and Gemini, highlighting growing confidence in the TON ecosystem.