Toncoin, the native cryptocurrency of The Open Network, has experienced a notable surge in value over the last day. It is currently the second-best performing cryptocurrency among the top 100 based on market capitalization, surpassed only by Akash Network.

In the past 24 hours, the price of Toncoin rose from approximately $6.04 to $6.89, marking a 13.6% increase. Additionally, trading volume spiked by 133.66%, indicating heightened trading activity. This surge is attributed to the imminent launch of NOT on May 16, which has been eagerly anticipated despite some listing delays.

The excitement surrounding the launch has been intensified by prominent cryptocurrency exchanges like Binance and OKX announcing plans to reward their customers with NO tokens. OKX has encouraged its users to engage in purchasing and staking Toncoin to earn rewards. While Toncoin has seen substantial gains, the broader cryptocurrency market remains relatively stable, with Bitcoin and Ethereum experiencing modest increases of 1% and 2%, respectively, highlighting the dynamic nature of the crypto market.