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The Wall Street Journal reported that Telegram plans to raise $1.5 billion through a bond issuance, with investors including U.S. asset management firm BlackRock and Abu Dhabi's state-owned investment company Mubadala. New investors are expected to include hedge fund Citadel, among others.

In response, $TON surged nearly 20% in a short period, currently trading at $3.35. Additionally, $TON perpetual futures open interest (OI) surged by 33%, rising from $143 million to $190 million—its highest level since February.

Moreover, contract volumes remain elevated, indicating a strong upward trend!

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