The worth of Toncoin (TON) surged by over 6% instantly following the discharge of Telegram founder Pavel Durov from France, the place the embattled tech founder has been compelled to remain since his arrest in August 2024.
In accordance with CoinMarketCap, the worth of TON has rallied by roughly 18% within the final 24 hours and over 13% within the final seven days.
Following the information of the Telegram founder's arrest in France on August 24, 2024, the worth of TON plummeted by over 35%, from roughly $6.88 to $4.44 by September 2024.
The digital asset reached a excessive of $7.20 on December 4, 2024, amid a historic rally within the crypto markets in response to the re-election of President Donald Trump in the US.
Nonetheless, TON's value collapsed by roughly 67% after the post-election rally, reaching a low of $2.36 on March 11, 2025.
Toncoin’s value motion since August 2024. Supply: TradingView
Toncoin is the cryptocurrency of The Open Community, which is separate from the Telegram platform, however has change into a staple for customers of the messaging utility.
Durov being granted approval to leave France was applauded by Telegram and TON customers as a win for freedom of speech, whereas the controversy between on-line safety and freedom of expression continues to foment.
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Pavel Durov lastly allowed to depart France after months
The Telegram founder reportedly secured permission to depart France on March 13 to journey to Dubai.
In accordance with the AFP information company, unnamed sources confirmed Durov's departure from the European nation this morning, and different sources claimed that the Telegram founder was allowed to depart France for "a number of weeks."
At this level, it's unclear whether or not the case has been settled in French courts or if Durov has solely been granted non permanent journey time whereas the case is arbitrated within the authorized system.
A translated assertion from the Paris Public Prosecutor’s Workplace saying costs towards Telegram founder Pavel Durov. Supply: Jacques Pezet
French regulation enforcement officers have accused Telegram of facilitating unlawful actions by failing to censor the messaging platform and likewise pressed charges against Durov — forcing him to stay in France as a part of a bail settlement.
The Telegram founder later characterized the arrest as unnecessary and mentioned that the corporate maintains a consultant within the European Union to deal with authorized requests.
Durov emphasised that he and the corporate would have gladly cooperated with French authorities if an applicable authorized request for assist was submitted.
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