Toncoin (TON), the native coin of The Open Network and originally developed by the Telegram messaging app, experienced a surge in future traders hedging their bets on the asset's price following the arrest of Telegram CEO Pavel Durov. Durov was arrested on Aug. 24, facing various charges. This led to a 32% increase in Toncoin Open Interest (OI) to $303.09 million. The current trading price of TON is $5.71, down 14.71% since the arrest. Future traders seem inclined towards short positions, with many expecting further price decline. However, some traders believe that Durov might be released soon, potentially causing a price rebound. The situation has created fear and uncertainty in the market, prompting caution among traders. Overall, the arrest of Durov has significantly impacted Toncoin trading, with traders closely monitoring the developments for potential market shifts. Read more AI-generated news on: https://app.chaingpt.org/news