In a significant pivot from its foundational principles, Telegram has announced a new policy that could shake the very core of its user base and impact associated cryptocurrencies, notably Toncoin (TON). Telegram's CEO, Pavel Durov, has revealed plans to cooperate with government requests by providing user data, including IP addresses and phone numbers, when presented with valid legal demands.

This move marks a departure from Telegram’s long-standing commitment to privacy and anonymity, raising concerns over potential centralization issues.

The implications for Toncoin are profound. As Telegram steps back from its core privacy features, industry analysts predict a possible downturn for TON. Notably, financial analyst Martinez warns of increased selling pressure on Toncoin, drawing parallels to the fate of Celestia (TIA), which saw a dramatic 75% drop post-airdrop hype.

Martinez forecasts a sharp decline in TON's value, potentially hitting a low of $2.50, before a recovery that could see its price rebound to around $3.50 by the end of November.

Despite these challenges, Toncoin has shown resilience in the short term, with a modest 2% gain in the last 24 hours and a current market capitalization standing strong at $14.5 billion.

However, the looming risk of fading interest amidst these new developments could lead to a gradual exit from TON holdings, mirroring the declines seen in similar scenarios in the crypto sphere.

As the situation unfolds, stakeholders in the cryptocurrency market will be watching closely, gauging the broader implications of Telegram's policy shifts on the digital asset landscape.

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