**Toncoin Sees Surge in Trading Activity After Telegram CEO's Arrest**

Toncoin (TON), the native cryptocurrency of The Open Network, experienced a significant spike in trading activity following the arrest of Telegram CEO Pavel Durov. Durov was detained at Bourget airport near Paris on August 24, facing serious charges including terrorism and money laundering.

- **Market Reaction**: Following the news, Toncoin's Open Interest (OI) surged by 32% to $303.09 million, indicating heightened trader activity.

- **Price Drop**: TON's price plummeted 14.71% to $5.71, as per CoinMarketCap.

- **Trader Sentiment**: Many traders are betting on further price declines, with a notable increase in short positions.

Crypto analysts suggest caution, noting potential volatility ahead, especially if Durov is released.