TON Foundation Appoints MoonPay Co-Founder Maximilian Crown as CEO
24.04.2025 21:05
TON Foundation, the entity behind the Telegram-linked blockchain, has named Maximilian Crown, MoonPay co-founder and former CFO/COO, as its new CEO. Crown, who also remains on MoonPay’s board, is expected to leverage his extensive experience in finance, banking, and regulatory affairs to boost TON’s strategic growth. The leadership change follows a significant investment announcement, where venture capitalist firms injected $400 million in TON tokens. Notably, while active users on the TON blockchain have surged from 4 million to 41 million over the past year, the TON token has experienced a 46% decline over the same period. Looking ahead, the Foundation aims to onboard 30% of Telegram’s active users by 2028, potentially redefining how blockchain technology is adopted at scale.
The appointment of Maximilian Crown is likely to have a positive impact on TON, especially over the long term. His background in financial operations, regulatory compliance, and banking relationships is expected to restore investor confidence and potentially reverse the recent 46% drop in token value. In the short term, the market may experience volatility as investors adjust to the leadership change, but the infusion of strategic expertise and the recent $400 million investment suggest a hopeful outlook. Historical trends in blockchain projects undergoing leadership refreshes indicate that such moves can lead to renewed market interest and improved token performance over time.
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