In recent days, the TON cryptocurrency has shown significant growth. The main reason for this is the release of Telegram founder Pavel Durov, who was allowed to leave France after his detention last year.
Market Reaction to Durov's Release
Pavel Durov's release, after being detained for insufficient moderation policies, sparked a discussion on free speech. The arrest had a noticeable impact on the market: many viewed it as an attack on Telegram and TON. The positive market response followed the news of his release and permission to leave France.
TON Price Growth Analysis
The TON cryptocurrency recently experienced its sharpest increase since November last year, reaching $3.47 after an 18% increase in the last 24 hours. TON's price has been in the green for the past five days, reflecting traders' interest. Since March 11, there has been a 47% price increase.
TON Address Activity and Future Prospects
Analysis of TON address activity revealed that 99% of addresses hold coins worth up to $1,000, while major holders control 66.44% of the circulation. The number of HODLing addresses has risen since December, indicating a focus on long-term investments. Data confirms a trend towards accumulation amid a decline in short-term traders.
The recent growth of the TON cryptocurrency is largely attributed to Pavel Durov's release and return to active engagement. Experts suggest that this event may provide a new impetus for the development of the TON ecosystem, stimulating transactional activity and attracting investors' attention.
