TON price drops sharply due to Telegram founder’s arrest
Ton coin (TON) has seen a sharp drop of more than 20% in recent days, reaching around $5.3 after French authorities announced the arrest of Telegram founder Pavel Durov. The drop comes after years of remarkable growth for the coin, as its value has doubled over the past year by more than 288%, reflecting its strength in the market.
Despite the current decline, the coin still has a promising future thanks to its integrated ecosystem with the Telegram platform, which offers innovative solutions such as digital payments and decentralized applications (DApps).
The question remains about the impact of this event on the currency’s path in the near term, as investors await developments in the case and Durov’s upcoming decisions.
