Telegram CEO Pavel Durov Claims He Will Provide Data to Governments; Toncoin (TON) at Risk of Collapse

Telegram, the social media platform popular with hundreds of millions of users, is scrapping its privacy and anonymity principles. Telegram's CEO said the company will share users' IP addresses and phone numbers in response to valid legal requests. The decision, which is being considered, is seen as a compromise with governments.

Telegram's departure from its original purpose has caused a lot of reactions. Toncoin (TON), which is supported by Telegram, may have a major collapse with centralization issues.

“Since Telegram’s most exciting feature is gone, selling pressure could increase on the TON side,” Martinez said, hinting that the popular altcoin is following the path of Celestia ($TIA). As is well known, TIA attracted attention during the airdrop craze and fell by about 65 percent when the craze ended.

According to Martinez’s price prediction, TON could drop to around $2.75. The analyst predicts that the price will react after the drop and rise to $4. The notable analysis predicts that $TON will bottom by the end of November.

TON has gained 1 percent over the past 24 hours, according to data from CoinGecko. The popular alternative coin has reached a market cap of $14.3 billion.

According to Martinez’s statement, interest in Toncoin will soon disappear and TON will start to exit.
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