The worth of Toncoin (TON) jumped over 6% following the discharge of Telegram founder Pavel Durov from France, the place he had been compelled to stay since his arrest in August 2024.
In response to 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 Aug. 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 america.
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 turn out to be a staple for customers of the messaging software.
French prosecutors accused Durov of operating a platform that allegedly allows unlawful actions, in line with expenses introduced on Aug. 28, 2024.
Durov being granted approval to leave France was applauded by Telegram and TON customers as a win for freedom of speech, whereas the talk between on-line safety and freedom of expression continues to foment.
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Pavel Durov lastly allowed to go away France after months
The Telegram founder reportedly secured permission to go away France on March 13 to journey to Dubai.
In response to 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 go away 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 short-term journey time whereas the case is arbitrated within the authorized system.
A translated assertion from the Paris Public Prosecutor’s Workplace saying expenses 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 stated 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 acceptable authorized request for assist was submitted.
Journal: Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in
