#TON #NOTNOT #TONNOT #NOTTON #newsdaily
Hello Fellow Traders,
SHOCK WAVE ACROSS TON & NOT COINS Enthusiasts!!
The TON community is in the midst of a wild ride,
with the cryptocurrency hitting a four-month low at $4.79, following some major drama.
The arrest of Telegram's co-founder and CEO, Pavel Durov, in France has sent shockwaves through the Toncoin ecosystem, dropping its value by 8.5% in just 24 hours.
Over the past month, TON has tumbled by 20%, leaving investors nervous and dropping its market cap ranking to 10th place.
Durovâs arrest stems from accusations that Telegram failed to moderate illegal activities like drug trafficking and money laundering on its platform.
Although heâs been released on bail, the legal heat has shaken faith in TONâs future. Even though Toncoin had been up 166% over the past year, most holders are now feeling the pain, with 70% of them holding TON at higher prices than its current value.
To make matters worse, the TON network has been experiencing its own set of hiccups.
A dog-themed meme coin launch last week caused the network to stall for over three hours, evoking memories of Solanaâs notorious outages.
These network issues are raising eyebrows about whether TON can handle the increasing load as more users flock to the platform.
Despite Telegramâs efforts to integrate TON wallets and boost user engagement with crypto games, it hasnât been enough to maintain the momentum.
The total value locked (TVL) on TON has plummeted from $776 million in July to $333 million today.
Itâs clear the TON network has some serious growing pains as it fights to prove it can stand strong beyond just its Telegram roots. Will it bounce back, or is this just the beginning of its struggles? Time will tell!
Follow for more!
dr_mt
TRADE HERE ----->>>> $NOT $TON
