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Toncoin Price Jumps 20% After Pavel Durov's Passport Return

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by Giorgi Kostiuk

6 hours ago


On a day when most crypto assets traded steadily, Toncoin astonished with a sharp price rise.

Toncoin's Sudden Price Surge

On Saturday, Toncoin's price soared by 20%, reaching a 12-day peak of $3.5. Such a sharp price movement surprised most market participants.

Durov's Passport Return

The catalyst for this price surge was the TON Foundation's announcement that French authorities had returned Pavel Durov's passport. This followed the last summer's events where Telegram's founder was arrested on suspicions related to the app's operation.

Market Reaction and Price Movement

This news immediately affected Toncoin's value, with the price skyrocketing by 20%. It broke the $3 resistance and reached up to $3.5 before correcting.

This news marks a significant moment of resolution. With nearly a billion users worldwide, Telegram represents a global movement committed to the freedom of communication and the inalienable right to privacy.

Recent events have demonstrated how external factors can swiftly impact cryptocurrency values. Durov's passport return was a growth signal for Toncoin amid a positive market response.

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