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Toncoin’s Price Rises on the News.
The price of Toncoin (TON) has risen more than 6% after Telegram founder Pavel Durov’s release from France. He had been stuck since his August 2024 arrest. The market reacted well to the news, with TON rising around 18% in the last 24 hours. And more than 13% in the last week, according to CoinMarketCap.
Durov’s legal problems started on August 24, 2024. When he was accused of operating a platform that allegedly enabled illegal activities by French authorities. Toncoin fell by over 35% following his arrest from the region of $6.88 to $4.44 in September 2024. The cryptocurrency then recovered and hit an all-time high of $7.20 on December 4, 2024. Amidst a general crypto market surge caused by President Donald Trump’s re-election. It dropped, nonetheless, 67% in the post-elections to a nadir of $2.36 on March 11, 2025..
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