The arrest of Telegram CEO Pavel Durov in France and his subsequent release on probation sent TON’s value plummeting. However, cryptocurrency investors remain calm. Developments TON‘s potential has not been overshadowed.
Developments Affect Toncoin
The events experienced by Telegram founder Pavel Durov in France have had a wide repercussion in the cryptocurrency world in recent days. Toncoin, which has an important place in Telegram’s history, has experienced a major loss of value following this development. Toncoin, which has fallen by about 15 percent in the last seven days, is currently trading around $ 5.58. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Despite this negative picture, some cryptocurrency investors are not giving up on TON. CoinFund’s managing partner Alex Felix said, “TON’s fundamental structure is still strong,” and stated that the company does not regret its investment decisions. Felix’s statement shows that there is full confidence in TON.
Support for Toncoin Continues
CEO and Founder of Ryze Labs Matthew Graham While assessing the impact of Durov’s experiences on TON with similar optimism, he emphasized that the TON accounts exceeding 50 million this week was a more important development. Graham said, “Pavel’s detention and subsequent release is certainly important news. However, TON’s growth potential may outweigh such developments.”
Another name that invested in TON is one of the partners of Masterkey VC. Shauli Rejwan. Rejwan believes that TON will grow independently of Telegram over time. Rejwan said in his statement that “history shows that strong projects can break away from their initial connections. TON is also taking firm steps on this path,” drawing attention to the project’s future potential.
Debates Continue in the Cryptocurrency World
While Telegram’s Durov arrest continues to resonate in the crypto world, the three major crypto funds that invested in TON continue to believe in the project. The investigation into Durov’s arrest in France has not yet been concluded. French prosecutors announced that Durov will not be allowed to leave the country and will have to sign in to the police twice a week. In addition, a bail of $5.5 million has been set.
The process in question seems like it will be a tough test for TON and its investors. However, what is happening could also be an important milestone that will determine TON’s future position. During this turbulent period in the crypto world, faith and support for TON could shape the long-term success of the project.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
