Notcoin's price fell 10% on Monday due to reports that Telegram founder Pavel Durov is facing 12 serious criminal charges. This news has significantly increased selling pressure on cryptocurrencies related to Telegram, especially Toncoin (TON) and Notcoin (NOT), suggesting a potential prolonged market correction.
The report highlights the risks for Notcoin, indicating it could fall to $0.005 amid these developments. The market responds swiftly to leadership troubles, underscoring the intertwined nature of key personalities and cryptocurrency market stability.
The original report regarding this development can be found on CoinGape, which first covered the significant impact of Pavel Durov's legal troubles on cryptocurrency prices.
