In the altcoin market, Toncoin stands out with significant growth. Amidst events around Telegram and new investments in TON, the coin has seen a substantial surge.
Return of Pavel Durov's Passport
This month, it was revealed that French authorities returned Telegram founder Pavel Durov's passport, allowing him to leave the country. The news prompted Toncoin's price to skyrocket by 20% within minutes.
$400M Investment in Toncoin
The market learned of a $400 million investment in Toncoin by companies like Sequoia Capital and Draper Associates. This massive investment serves as a strong indicator of long-term support for Toncoin's value.
Fee Reduction and Network Activity
Average transaction and storage fees on the Toncoin network significantly decreased in March. There was also steady growth in the number of activated wallets on the blockchain, indicating increased activity.
Toncoin demonstrated significant progress against the backdrop of the stagnation of other altcoins. Successful events and investments created a positive environment for the coin's growth.
