TON (Telegram Open Network) is Telegram's blockchain, a notable player in the crypto space. Recently, Telegram's CEO was arrested in France and faces up to 20 years in prison, raising concerns about TON's future. This event could lead to a significant drop in TON's value and related projects, similar to the collapse of LUNA after Do Kwon's arrest in 2023.
The CEO's arrest may undermine confidence in TON, potentially triggering a sell-off and steep price decline. However, shorting TON is a high-risk strategy that requires careful risk management and close monitoring of further developments. While it could yield short-term profits if prices fall, it also carries substantial risks, especially if the market unexpectedly recovers.$TON
