Following the arrest of Telegram's CEO, Pavel Durov, on 24th August, Toncoin saw a significant drop of 32.97% in its valuation. This incident raised serious concerns about the future of Toncoin, which is currently the 9th largest cryptocurrency by market capitalization.
However, after Durov's release, Toncoin's price has started to stabilize, hinting at a potential bullish reversal. Experts speculate that this stabilization could lead to a significant price surge of up to 50%, providing a glimmer of hope for investors.
The cryptocurrency community is closely watching the developments around Toncoin, as any further news about Durov or Telegram could impact its price trajectory significantly.
