- Arrest and Release of Pavel Durov
- Market Reaction and Token Price Surge
- Future Prospects for DOGS Token
Telegram CEO Pavel Durov has been released from police custody and transferred to a Paris court for an initial inquiry. This news has sparked a significant rise in the prices of Telegram-related tokens, including Toncoin (TON), Notcoin (NOT), and Dogs (DOGS).
Arrest and Release of Pavel Durov
Pavel Durov's arrest on August 24, 2024, at Paris's Bourget Airport had a negative impact on the cryptocurrency market. Durov was detained on charges ranging from spreading child pornography to drug trafficking and money laundering, leading to a sharp sell-off in TON token prices. However, the recent update on his situation has provided significant relief to the Telegram token ecosystem.
Market Reaction and Token Price Surge
News of Durov's transfer to court caused a notable surge in the prices of TON, NOT, and DOGS tokens, which had previously dropped due to the uncertainty surrounding his arrest. DOGS, in particular, has shown promising signs of recovery, currently trading near the $0.001470 support level and experiencing a price surge of over 17.16%.
Future Prospects for DOGS Token
In addition to the price increase, DOGS has seen a significant spike in trading volume, up by 79%, as traders respond positively to the news of Durov's release. Analysis suggests that a strong pullback from its current position could lead DOGS to break through the resistance level between $0.001510 and $0.001520, potentially resulting in substantial gains in the near future. DOGS investors are hopeful that the token will continue to rise, capitalizing on renewed confidence in the Ton ecosystem.
The news of Pavel Durov's transfer to court and release from custody has had a positive impact on the prices of Telegram-related tokens. Investors remain optimistic about the future developments and potential price increases of these tokens.
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