🔍 Pavel Durov and Toncoin: Turbulence after the arrest
05.10.2024
🔍 Pavel Durov and Toncoin: Turbulence after the arrest 📉 Toncoin, the token of the TON ecosystem, has achieved impressive success, surpassing 1.1 million daily users and a market capitalization of $13.96 billion. However, on August 25, the market experienced a shock: after the arrest of Telegram CEO Pavel Durov, the Toncoin price fell by 25% to $5.24.
✈️ On May 13, Toncoin surpassed 1.1 million daily active users, and on August 26, it reached the highest market cap in the TON ecosystem. But just two days after Durov’s arrest at Le Bourget airport, the market experienced serious turmoil.
🐋 The concentration of “whales” in Toncoin before the arrest is also a concern: 98% of tokens are owned by large investors, which creates potential risks to stability.
💭 Despite recent drops, analysts believe that Toncoin is ready for recovery. Will it cope with this challenge? We are monitoring the developments.
✈️ On May 13, Toncoin surpassed 1.1 million daily active users, and on August 26, it reached the highest market cap in the TON ecosystem. But just two days after Durov’s arrest at Le Bourget airport, the market experienced serious turmoil.
🐋 The concentration of “whales” in Toncoin before the arrest is also a concern: 98% of tokens are owned by large investors, which creates potential risks to stability.
💭 Despite recent drops, analysts believe that Toncoin is ready for recovery. Will it cope with this challenge? We are monitoring the developments.
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