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⚠️ TON Community Stands Strong in Support of Pavel Durov Amid Arrest in France This article explores the implications of Pavel Durov’s arrest on the TON blockchain community and the broader decentralized movement, emphasizing their commitment to continuity amidst challenges. 🔸 #TON Community’s Resilience Following Durov’s Arrest The arrest of Pavel Durov in France has generated considerable discussion and concern within the cryptocurrency sector, particularly among supporters and developers associated with The Open Network (TON). In their statement, the TON community affirmed their robust operational capabilities, emphasizing they remain unified and resolute regardless of recent events. This announcement not only serves to reassure community members but also echoes their steadfast belief in the foundational principles of freedom and decentralization. 🔸 The Historical Background of the TON Project The Open Network was initially conceived by Telegram as a groundbreaking blockchain project designed to provide a highly scalable and fast platform. However, regulatory scrutiny in the United States forced Telegram to distance itself from the project in 2020. Despite the setback, the TON community, composed of developers and advocates, has maintained its dedication to the project’s vision, working tirelessly toward creating a decentralized blockchain ecosystem that aligns with the values of transparency and user empowerment. Their collective efforts are a testament to their unwavering resolve in the face of adversity 🔸 Continued Commitment to Decentralization The TOM community’s recent message emphasizes their ongoing commitment to the principles that underpin their mission. As they navigate the complexities arising from Durov’s situation, they reaffirm their focus on building a decentralized infrastructure that fosters freedom of expression. By engaging members actively in dialogue and development, the community hopes to strengthen the resilience of the TON network, ensuring that it remains not just operational but thriving
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💥 Massive Token Unlocks Ahead: SOL and WLD Lead September’s $2 Billion Wave Another major event is anticipated in the cryptocurrency market as a record number of altcoins valued at over $2 billion are expected to be unlocked in September. Like in August, when token unlocks exceeded $2.26 billion, such projects as Solana ($SOL) and Worldcoin ($WLD) are back in as the leaders. These unlock events are essential since they release significant quantities of newly issued tokens into circulation, which may have specific effects on the market and investor perceptions. 🔸 SOL and WLD Lead the Way Among the prominent tokens planning to unlock in September, Solana ($SOL) and Worldcoin ($WLD) stand out for their large amounts of unlocked tokens. Solana is anticipated to unlock roughly $360.78M in tokens, led by Worldcoin, which is expected to unlock approximately $304.72M. 💡 Altcoin Unlock Trends: September Market Insights 💡 In August, we saw over $2.26 billion in token unlocks, with #SOL , #WLD , and #AVAX leading the charge. As we move into September, total altcoin unlocks will exceed $2 billion again, requiring significant market absorption — Token Unlocks Large amounts of tokens are coming into the market, and to prevent extreme fluctuations in the price, the market must absorb a large portion of this. Traders and investors watch how these assets will likely move as the market prepares for these unlocks. 🔸 Influence on the Market The release of such a large volume of tokens may cause several prospects and issues for investors. On the one hand, higher supply opens up new possibilities for achieving more excellent prices, but this can only happen if demand increases. On the flip side, it could also be the ideal time for any investor who wishes to make a quick buck by buying, hoping that the prices might go down shortly. The most crucial feature will be how the market can accommodate the new supply and whether demand will stabilize prices.
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📈 Solana Price 18% Away from Major Flag Pattern Breakout Solana price dipped slightly by 1.02% to $159 during the relatively calm weekend. This minor pullback suggests a brief pause for buyers to regain strength after notable growth earlier in the week. Thus, the bulls may soon push for a stronger recovery, with the SOL/USDT daily chart forming a bull flag pattern. 🔸 #Solana Price Bounced Amid TVL Spike and Whale Accumulation According to the on-chain tracker lookonchain, a whale recently purchased 28,717 SOL, valued at approximately $4.56 million, from Binance and staked the entire amount. This substantial acquisition indicates the whale’s confidence in Solana’s long-term potential. In addition, the Total Value Locked (TVL) in Solana witnessed notable growth in August. Data from DefiLlama shows a bounce from $3.82 to $5.4 Billion within three weeks, registering a 42% spike. This TVL increase indicates growing confidence and participation in Solana’s DeFi ecosystem. The rising TVL and significant whale activity substantially impacted the Solana price. This development has boosted the coin price to $159, contributing to a market cap of $74.3 Billion. 🔸 #SOL Price Heading For a Flag Pattern Breakout The Solana price prediction showcased a notable swing from $138.7 to $159 within a week, registering a 15% growth. This bullish turnaround followed the broader market recovery as Bitcoin price rallied above $64000 on Friday. Moreover, the daily chart reversal of the current recovery bolstered the formation of a bullish continuation pattern flag. In theory, this pattern drives a temporary pullback for buyers to regain strength before the next breakout. The price recovery above the daily Exponential Moving Averages (20, 50, 100, and 200) hints at a positive shift in market trend. Thus, with sustained buying, the SOL price could rise 18% before a major breakout from flag resistance. A successful flip above the overhead trendline will bolster buyers to drive an 11.5% jump to hit $210, followed by $240.
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📣 Vitalik Buterin Raises Concerns Over Telegram CEO’s Arrest and Its Implications for Tech Freedom Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe. He highlighted the shift in public criticism of tech leaders, noting the change from concerns about their undemocratic power to criticisms of their failure to act as conduits for governmental power. Buterin’s comments underscore the broader debate on privacy, content moderation, and the role of tech companies in society. #VitalikButerin
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