Toncoin surges as Pavel Durov leaves France after months

The terms of Toncoin (TON) surged by implicit 6% instantly pursuing the merchandise of Telegram laminitis Pavel Durov from France, wherever the embattled tech laminitis has been forced to enactment since his apprehension successful August 2024.

According to CoinMarketCap, the terms of TON has rallied by astir 18% successful the past 24 hours and implicit 13% successful the past 7 days.

Following the quality of the Telegram founder's arrest successful France connected August 24, 2024, the terms of TON plummeted by implicit 35%, from astir $6.88 to $4.44 by September 2024.

The integer plus reached a precocious of $7.20 connected December 4, 2024, amid a historical rally successful the crypto markets successful effect to the re-election of President Donald Trump successful the United States.

However, TON's terms collapsed by astir 67% aft the post-election rally, reaching a debased of $2.36 connected March 11, 2025.

Toncoin’s terms enactment since August 2024. Source: TradingView

Toncoin is the cryptocurrency of The Open Network, which is abstracted from the Telegram platform, but has go a staple for users of the messaging application.

Durov being granted support to permission France was applauded by Telegram and TON users arsenic a triumph for state of speech, portion the statement betwixt online information and state of look continues to foment.

Related: Wallet successful Telegram to database 50 tokens and motorboat output program

Pavel Durov yet allowed to permission France aft months

The Telegram laminitis reportedly secured support to permission France connected March 13 to question to Dubai.

According to the AFP quality agency, unnamed sources confirmed Durov's departure from the European state this morning, and different sources claimed that the Telegram laminitis was allowed to permission France for "several weeks."

At this point, it is unclear whether the lawsuit has been settled successful French courts oregon if Durov has lone been granted impermanent question clip portion the lawsuit is arbitrated successful the ineligible system.

A translated connection from the Paris Public Prosecutor’s Office announcing charges against Telegram laminitis Pavel Durov. Source: Jacques Pezet

French instrumentality enforcement officials person accused Telegram of facilitating amerciable activities by failing to censor the messaging level and besides pressed charges against Durov — forcing him to stay successful France arsenic portion of a bail agreement.

The Telegram laminitis aboriginal characterized the apprehension arsenic unnecessary and said that the institution maintains a typical successful the European Union to grip ineligible requests.

Durov emphasized that helium and the institution would person gladly cooperated with French authorities if an due ineligible petition for assistance was submitted.

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