TelegramThe detention of Pavel Durov, founder of , in Paris on August 24, caused a great stir in the cryptocurrency world. Toncoin lost 20% of its value immediately after this incident, and uncertainty arose among crypto investors. Pantera Capital and other investors expressed their concerns about Toncoin’s future, and there was a crisis of confidence in the crypto world. Following the news of the arrest, the total value on the Toncoin network fell to $573 million.
What are the risks facing investors?
Toncoin, which has attracted the attention of major investors with the expectation that Telegram will become a “super app” similar to China’s WeChat, is undergoing a serious test with this event. Especially large funds such as Pantera Capital, which earlier this year ToncoinHe had invested more than $100 million in , but the future of that investment has become uncertain as Durov faces charges including child sexual imagery and drug trafficking. 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!
Durov’s arrest is considered a rare and unpredictable event in the crypto world, known as a “black swan.” Such events usually cause major market volatility and cause investors to reconsider their portfolios. Major funds such as Pantera Capital have reconsidered their investments in Toncoin in the wake of the incident. While Telegram’s low-regulation approach has contributed to the app’s popularity, it has also left Durov in legal trouble.
Hard Times May Ahead for Toncoin Investors
Pantera Capital describes Toncoin as its largest investment, while other investors have also poured billions of dollars into the project. However, Durov’s detention and Toncoin’s depreciation have made these investors question their future moves. Cryptocurrency Such sudden changes in the market force investors to review their risk management strategies.
Cryptocurrency investments are much more volatile than traditional investment vehicles. This means both great opportunities and great risks for investors. While investments in projects like Toncoin are usually made through token-based agreements, sudden losses in value of these agreements can have serious effects on investors. With Durov’s arrest, the dangers of volatility in the cryptocurrency world have been revealed once again.
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.
