The TON Foundation has officially confirmed that its legacy Token Bridge will permanently close on September 1, 2026, giving users a final window to recover any bridged assets before access is cut off entirely. According to reports from PANews, the bridge-v3.ton.org will be shut down as part of the network's transition to newer cross-chain solutions. The TON Foundation has waived all percentage-based transfer fees for the remaining withdrawal period to ease the transition process, with all proportional cross-chain transaction fees cancelled during the transition period.
Users holding Wrapped Toncoin (TON) on Ethereum or BNB Chain must bridge their tokens back to the TON network using bridge-v3.ton.org before the deadline. As reported by PANews, those holding j-tokens, including jUSDT, jUSDC, jDAI, and jWBTC, in their TON wallets must return them to Ethereum through the same bridge. Any assets left in bridged form after September 1 will become inaccessible, with users advised to complete all asset migrations before the deadline to avoid assets being unable to be used for cross-chain operations. The TON Foundation confirmed that all previously submitted user transfers have been processed and the protocol covered fees for unclaimed transfers.
According to PANews, bridge oracles will withdraw their staked TON in June 2026, marking the first visible phase of the shutdown. The oracles will actively continue processing transfers until the final date, giving users roughly three months to act. Users are advised to check their wallets immediately and initiate withdrawals well before the September deadline to account for any network delays, with the cross-chain bridge ceasing all transfer functions after September 1, 2026.
As of May 24, 2026, TON is trading at $1.73 with a 24-hour trading volume of $210.74 million. The cryptocurrency has a market capitalization of $4.65 billion and ranks 23rd by market cap among all cryptocurrencies. The highest price recorded in the last 24 hours was $1.85, while the lowest was $1.72. Technical analysis suggests TON faces short-term pullback pressure with key support focused on the $1 level, with potential for further testing towards $1 if this level is breached. Recent market data shows significant liquidation activity across the network, with $200 million in total liquidations in the past 24 hours, including $100 million in long positions and $100 million in short positions.
This development follows a broader period of ecosystem growth, as reported by The Open Network (TON). Telegram's TON takeover reshaped governance and drove a sustained rally, while Pavel Durov's TON revival attracted both retail and institutional attention to the network. A recent Telegram CEO TON upgrade further underscored the protocol's continued development. The retirement of the legacy bridge reflects the maturity of TON's native DeFi infrastructure, with users able to monitor TON market activity as the network transitions to newer cross-chain solutions.
