According to the CoinTurk Analytics:

Analyst Predicts Toncoin $TON Could Outperform Market Despite Recent Decline

According to Lee, the double-digit decline mirrors Bitcoin’s performance, which has recently struggled to surpass the $60,000 mark. Lee also noted that despite recent struggles, TON has outperformed Ethereum. 

“TON has recently experienced a decline due to negative news, but despite major bad news like the arrest of Telegram’s founder, we noticed that TON’s price did not experience a serious collapse and instead showed significant resilience and recovery. Over the past 30 days, TON’s decline was almost at the same level as Bitcoin’s and significantly outperformed Ethereum.”

Lee observed that despite the negative press surrounding Pavel Durov’s arrest, the overall sentiment for TON remains bullish. He attributed this resilience to the unity among the TON ecosystem’s founders, projects, and supporters, which resulted in a noticeable absence of FUD on social media.