🚨Toncoin Bucks Market Slump as Telegram's Durov Addresses Arrest in France🚨
In a turbulent market, Toncoin has emerged as a beacon of resilience, linked closely to Telegram's founder, Pavel Durov, who recently broke his silence after his unexpected arrest in France.
📈 Toncoin's Performance:
- Toncoin surged 4% in the past 24 hours, reaching $5 before settling around $4.77.
- In contrast, leading cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana suffered losses exceeding 2% during the same period.
🔍 Holder Insights:
- Despite the recent rally, 80% of Toncoin holders (approx.43 million addresses) are currently "out of the money."
- Only 9.3% of holders, or around 5 million addresses, are in profit, according to IntoTheBlock data.
🗨️ Durov's Statement:
- On Sept. 5, Durov addressed his arrest via Telegram, expressing surprise and concern over the actions of French authorities.
- He emphasized Telegram's commitment to free speech and highlighted the company's readiness to exit regions that challenge these principles:
> "If a country is unhappy with an internet service, the established practice is to start legal action against the service itself..."
🔄 Telegram's Policy Shift:
- Following Durov's statement, Telegram updated its FAQ, signaling a shift in content moderation.
- Previously, Telegram maintained strict privacy policies, but now encourages users to utilize the "report" button for flagging illegal content.
🌐 Looking Ahead:
- Durov hinted at further improvements to Telegram, potentially enhancing user experience and content management.
Stay informed and follow us for more updates on Toncoin, Telegram, and the broader cryptocurrency market! 🚀
