- Developments Impact Toncoin
- Support for Toncoin Continues
- Discussions Continue in the Cryptocurrency World
Telegram CEO Pavel Durov’s detention in France and subsequent release under judicial control sharply decreased TON’s value. However, cryptocurrency investors continue to remain calm and support the project's potential.
Developments Impact Toncoin
Telegram’s founder Pavel Durov’s incidents in France have recently resonated widely in the cryptocurrency world. Toncoin, which holds a significant place in Telegram’s history, experienced a substantial loss in value following this development. Toncoin, which has dropped approximately 15% in the last seven days, is currently trading around $5.58.
Support for Toncoin Continues
Despite this negative outlook, some cryptocurrency investors are not giving up on TON. CoinFund’s managing partner Alex Felix stated, “TON’s fundamental structure is still strong,” indicating that the firm does not regret its investment decisions. Ryze Labs CEO and founder Matthew Graham also expressed similar optimism, emphasizing that the surpassing of 50 million TON accounts this week is a more significant development than Durov’s incidents. Another investor in TON is Shauli Rejwan, a partner at Masterkey VC. Rejwan believes that TON will grow independently of Telegram over time.
Discussions Continue in the Cryptocurrency World
While Telegram’s Durov’s detention continues to resonate in the cryptocurrency world, these three major crypto funds investing in TON maintain their belief in the project. The investigation in France regarding Durov’s arrest has not yet concluded. French prosecutors have stated that Durov will not be allowed to leave the country and must sign in with the police twice a week. Additionally, a bail amount of $5.5 million has been set. The specified process seems to be a challenging test for TON and its investors. However, the events could also be a significant milestone determining TON’s future position.
Despite current difficulties, the support from major crypto funds may help further develop the TON project. The future will show how the events surrounding Pavel Durov will impact the project in the long term.
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