- The core team supporting the network assured users that crypto assets were safe and unaffected.
- TON rose to a local high of $5.98 after Telegram founder was released from pre-trial detention.
Toncoin [TON] blockchain, associated with Telegram, suffered a second network outage overnight on 28th August, which disrupted block production for four hours.
The incident, the second in as many days, sparked concerns on social media as users questioned the reliability of the network as it continues to draw more users.
Surge in traffic cause for second disruption
The TON chain faced similar block production issues this week which halted block production for six hours on 27th August.
The crash earlier this week was attributed to an overwhelming number of transactions linked to the DOGS meme coin airdrop, which overloaded the network, resulting in validators losing consensus.
The Open Network wrote at the time, “Several validators are unable to clean the database of old transactions, which has led to losing the consensus […] Rest assured your transactions will be made, no cryptocurrency assets will be lost due to the issue.”
Through a status update shared on X (Twitter), TON developers said the latest incident likely resulted from a similar heavy transaction load on the network by DOGS meme coin minting.
The developers urged mainnet validators to update and restart their nodes in a separate update on the platform.
The latest TON crash has since been resolved as confirmed by an announcement on the TON community channel on Telegram.
“TON network is fully operational! TON-based asset withdrawals and deposits in Wallet will be credited in due course.”
Data from Tonscan block explorer showed that the chain is running and blocks are being actively recorded.
The second outage raises questions about the TON blockchain’s ability to maintain consistent performance, especially under stress.
Network reliability is critical for attracting a huge user base, and repeated outages can undermine confidence among users, as has been the case for Solana in the past.
The increasing popularity of Telegram-based meme coins and the upcoming launch of the recently-announced HMSTR token by Hamster Kombat in September could exert even more strain on the network.
TON/USD price analysis
Toncoin (TON), the native token of the Telegram Open Network, reached an all-time high of $8.24 mid-June but has shed a significant share of its value in the last three months in line with the broader market downtrend.
TON price brushed off the latest outage and was trading 4.76% higher in the past 24 hours at the time of writing.
Still, TON remains underwhelmed, changing hands 13.65% lower in the last 7 days after the steep slide resulting from news of the detention of Telegram founder and CEO Pavel Durov.
The tech founder was indicted on several charges in a French court on Wednesday, the 28th of August, and granted conditional bail.
Source: TradingView
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Though TON has been facing a series of challenges in the near term, a reclaim of $7.26 could position it on a potentially rewarding path above this mark.
TON posted an intraday high of $5.98 on Binance on Wednesday after reports of Durov’s release from custody but has since retreated to $5.60, where it was last spotted at press time.
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