Toncoin Price Jumps After Durov's France Departure
Toncoin Price Soars After Durov Leaves France
The price of Toncoin (TON) experienced a significant increase, jumping over 6% following the departure of Telegram founder Pavel Durov from France. Durov had been compelled to stay in France since his August 2024 arrest.
According to CoinMarketCap, TON’s price rallied approximately 18% in the last 24 hours and over 13% in the past week. This positive price movement contrasts sharply with the initial reaction to Durov's arrest in August 2024, which caused a 35% drop in TON's price, from roughly $6.88 to $4.44 by September 2024.
Price Volatility and Market Context
The cryptocurrency reached a high of $7.20 on December 4, 2024, during a broader crypto market rally fueled by President Donald Trump's re-election. However, this was followed by a considerable 67% price drop, reaching a low of $2.36 on March 11, 2025.
Toncoin, the cryptocurrency of The Open Network, while separate from Telegram, has gained significant traction amongst Telegram users.
Durov's Legal Situation and Implications
French prosecutors accused Durov of operating a platform facilitating illegal activities. His release, reportedly granted on March 13 to travel to Dubai, has been met with celebration by Telegram and TON users, viewed as a victory for free speech. The ongoing debate between online security and freedom of expression remains central to this case. The exact status of the legal proceedings remains unclear.
Durov previously maintained that Telegram would cooperate with authorities given a proper legal request. The situation underscores the ongoing tension between regulatory compliance and user privacy within the digital space.
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