The TON Foundation’s recent appointment of a former Visa executive has sparked a surge in Toncoin prices, climbing by 8%. This significant move on May 28th, 2025, reflects increased trust and confidence from institutional investors. Toncoin trading volume jumped to $419 million, marking a remarkable 195% increase, further indicating the market’s positive response to the leadership change. The appointment of this experienced financial leader is seen as bolstering Toncoin’s credibility in the eyes of investors and aligns with Telegram’s broader strategy for expanding adoption through enhanced communication and social engagement. This strategic hiring follows a similar trend observed in other Layer 1 networks like Solana and Avalanche, indicating a positive signal for future growth.