Telegram's Toncoin Soars 61% to $4.38B Market Cap as Founder Pavel Durov Announces IPO Plans for 900M-User App

• Toncoin (TON) has risen 61% in 2 days to $4.38 after Telegram founder Pavel Durov revealed IPO plans • TON's market cap has increased by $9.5 billion to $15.5 billion in two days • Rise comes as Durov confirmed Telegram has 900 million users and is nearing profitability • Durov looking to "democratize access" to Telegram's value through potential IPO • TON approaching previous all-time high of $4.50 from November 2021