Toncoin’s price slipped below $5 on Tuesday, hitting a four-month low following the arrest of Telegram founder and CEO Paul Durov in France late last month.#TON
The Telegram-linked cryptocurrency, which powers The Open Network (TON), is officially separate from the messaging app. Still, TON has roots with Telegram’s CEO, and it serves as the backbone for Telegram’s crypto features, such as in-app, digital wallets.
Over the past day, Toncoin’s price had fallen 4.1% to $4.95, showing a 26% loss over the past two weeks. With the asset market cap at $12.4 billion, Tuesday’s dip was enough to push Toncoin out of the top ten cryptocurrencies ranked by market capitalization#ton
