MEXC suspended Toncoin (TON) deposits and withdrawals to temporarily accommodate the important Catchain 2.0 network upgrade and ensure the long-term stability of user assets. This maintenance is necessary to keep the platform fully compatible with the new blockchain protocol, thereby avoiding possible transaction errors during the transition.
Operational Reasons for Toncoin Service Suspension
The support of the upgrade of the TON Network Catchain 2.0 is the main reason why the Toncoin (TON) services were recently suspended on MEXC. This significant protocol upgrade was aimed at considerably raising the pace of block production and improving the overall transaction throughput within the ecosystem. A blockchain at the protocol level changes significantly, then exchanges need to stop external interactions to avoid the problem of forking or lost transactions.
The exchange also updates its node software and ensures the stability of the new network environment during this period. This is a common safety precaution in the cryptocurrency sector to ensure that users are not affected by technical hiccups that are common during a network transition. As deposits and withdrawals are suspended, spot trading of TON pairs is usually not affected since these trades occur internally in the exchange ledger and not on the live blockchain.
Network Upgrade Context and Catchain 2.0
The Catchain 2.0 upgrade will be a key milestone in the Make TON Great Again roadmap. It is mainly aimed at minimizing confirmation times to less than one second, which is necessary to scale Telegram mini-apps and high-frequency on-chain payments. Suspending services, MEXC guarantees that the resumed deposits and withdrawals will be handled with the safest and most efficient version of the TON blockchain.
It is not the first time that such measures have been taken. Similar address optimizations and maintenance work previously caused the network to be suspended by MEXC in early 2026 and late 2025. Such frequent suspensions are indicative of the fast rate of development of the TON ecosystem, necessitating regular technical changes on the part of exchange partners to keep pace.
Security of User Assets and Funds
In relation to any kind of suspension for withdrawals, one issue that is raised time and again is the security of assets held by the organization. In regards to the maintenance carried out by MEXC, they have guaranteed the safety of user funds in their possession. The suspension is a technical block that is used to avoid sending transactions to a network that is either unstable or in configuration. Users who already have TON in their MEXC accounts do not need to take any action.
Frequently Asked Questions
Who Owns Toncoin?
Toncoin is not owned by any single entity, but is governed by the decentralized TON Foundation and a global network of independent validators. While originally developed by Telegram, it now operates as an open-source blockchain project maintained by its community.
What is the Future Price Prediction of Toncoin?
Toncoin is predicted to reach between $10 and $15 by the end of 2026, with long-term estimates suggesting a potential rise to between $30 and $50 by 2030.
What was the highest price of Toncoin of all time?
Toncoin (TON) reached its all-time high of $8.25 on June 14, 2024. This peak reflected significant network growth and increased institutional interest following its integration within the Telegram ecosystem.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
