Toncoin Plummets Amid Telegram CEO’s Arrest in France

Toncoin (TON), the native token of The Open Network, has seen a steep drop of 20% in its value, following the arrest of Telegram CEO Pavel Durov in France. The arrest has sent shockwaves through the cryptocurrency community, leading to increased uncertainty and a sell-off of the token.

The situation surrounding Durov's arrest remains unclear, but it has undoubtedly impacted investor confidence in Toncoin. As the leader of Telegram, Durov has been a significant figure in the promotion and development of TON, and his legal troubles have cast a shadow over the project.

Investors are closely monitoring the situation, as further developments could either exacerbate the token's decline or potentially lead to a recovery if Durov's situation is resolved favorably.