Toncoin is on a wild ride, folks! The crypto world is buzzing as the price of Toncoin (TON) soared over 6% after the big news hit: Telegram’s mastermind, Pavel Durov, has finally left France. This comes after he was stuck there following his arrest in August 2024. Crypto enthusiasts are watching closely as this development unfolds.
According to CoinMarketCap, TON has been on a tear, rallying about 18% in just 24 hours and climbing over 13% in the past week. The arrest of Durov had sent shockwaves through the market, causing TON to nosedive by more than 35%, dropping from around $6.88 to $4.44 by September 2024. But now, the tables are turning.
Back in December 2024, TON hit a high of $7.20, riding the wave of a historic crypto market surge triggered by the re-election of President Donald Trump. However, the joy was short-lived as TON’s value plummeted by a staggering 67%, hitting a low of $2.36 by March 2025.
Toncoin is the digital currency of The Open Network, distinct from Telegram but beloved by its users. French prosecutors had accused Durov of operating a platform that allegedly facilitated illegal activities, leading to his arrest on August 28, 2024.
The recent news of Durov’s departure from France has been celebrated as a victory for freedom of speech by both Telegram and TON users. The ongoing debate between online security and freedom of expression continues to heat up.
Reports indicate that Durov secured permission to leave France on March 13, heading to Dubai. Sources confirmed his departure, though it’s unclear if the legal case is resolved or if Durov has temporary travel rights while it plays out in court.
French authorities had charged Telegram with enabling illegal activities by not censoring its platform and pressed charges against Durov, forcing him to stay in France under a bail agreement. Durov later described the arrest as unwarranted, emphasizing that Telegram would have cooperated with French authorities if approached legally.
As the crypto community digests this news, the future of Toncoin remains uncertain but exciting. Will this newfound freedom for Durov lead to further gains for TON? Only time will tell. Stay tuned for more updates as this story develops!
