Good day! Various news have been brought here and the chart has been adjusted to them TON and NOT according to the classics. Let's go and analyze.
What happened to Pavel Durov?
Telegram founder Pavel Durov, who holds French citizenship, will stand trial on charges of aiding terrorism and drug trafficking. Durov's plane landed in France to refuel, where it was packed.
He faces up to 20 years in prison for refusing to cooperate with French law enforcement agencies. After the news of Durov's arrest, the TON cryptocurrency began to fall. - (but personally I am outraged why only 15%!!!)
Authorities are seeking to use the case to pressure European countries to step up joint efforts to crack down on the encrypted messaging service's terrorism links.
Investigators have called Telegram a "hive of criminal content," pointing to the platform's use by organized crime, including the exchange of child pornography. Durov has been declared persona non grata in France.
Now let's figure it out.
Many have already gotten scared, especially inexperienced players who linked the TON rate not to the strength of supply and demand on the market, but to whether Pavel Durov will sit down or not. I advise these people to urgently undergo some basic training.
Look, first of all, TON and NOT fell by only 15%. That's not much for crypto assets! Why associate this with Pavel at all?
Secondly, the price of an asset depends on supply and demand. Those who got scared and started selling (i.e. "weak hands"), they only lost 15%. Now they are slowly buying it back, and I advise you to do this.
Although previously TON and NOT without such news about the end of the world fluctuated at the level of 35-40% and nothing!
They were also bought out and so on. Therefore, guys, do not invent causes and effects that have no direct relationship. Trade on technical analysis, not on the news.
Elon Musk's reaction?
On his social network, Musk responded ironically to the event with Pavel Durov.
Elon Musk:
"It's 2030 and in Europe you'll be executed for liking a meme."
Well, what can I say, of course, all this has a certain political subtext and Pavel is now sucked into a dangerous quagmire and his life is an eternal game. Even if you run from politics, as we see, politics itself finds you.
So calm down, "citizens newbie traders", and just buy TON on the drawdown. Everything will be fine with Pavel.
