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TON’s price rebounded following months of downward price action due to the US post-election hype dying down and macro fears setting in.
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The price of Toncoin (TON) surged by over 6% immediately following the release of Telegram founder Pavel Durov from France, where the embattled tech founder has been forced to stay since his arrest in August 2024.
According to CoinMarketCap, the price of TON has rallied by roughly 18% in the last 24 hours and over 13% in the last seven days.
Following the news of the Telegram founder’s arrest in France on August 24, 2024, the price of TON plummeted by over 35%, from roughly $6.88 to $4.44 by September 2024.
The digital asset reached a high of $7.20 on December 4, 2024, amid a historic rally in the crypto markets in response to the re-election of President Donald Trump in the United States.
However, TON’s price collapsed by roughly 67% after the post-election rally, reaching a low of $2.36 on March 11, 2025.
Toncoin’s price action since August 2024. Source: TradingView
Toncoin is the cryptocurrency of The Open Network, which is separate from the Telegram platform, but has become a staple for users of the messaging application.
Durov being granted approval to leave France was applauded by Telegram and TON users as a win for freedom of speech, while the debate between online security and freedom of expression continues to foment.
Related: Wallet in Telegram to list 50 tokens and launch yield program
Pavel Durov finally allowed to leave France after months
The Telegram founder reportedly secured permission to leave France on March 13 to travel to Dubai.
According to the AFP news agency, unnamed sources confirmed Durov’s departure from the European country this morning, and other sources claimed that the Telegram founder was allowed to leave France for “several weeks.”
At this point, it is unclear whether the case has been settled in French courts or if Durov has only been granted temporary travel time while the case is arbitrated in the legal system.
A translated statement from the Paris Public Prosecutor’s Office announcing charges against Telegram founder Pavel Durov. Source: Jacques Pezet
French law enforcement officials have accused Telegram of facilitating illegal activities by failing to censor the messaging platform and also pressed charges against Durov — forcing him to remain in France as part of a bail agreement.
The Telegram founder later characterized the arrest as unnecessary and said that the company maintains a representative in the European Union to handle legal requests.
Durov emphasized that he and the company would have gladly cooperated with French authorities if an appropriate legal request for help was submitted.
Magazine: Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in
This article first appeared at Cointelegraph.com News
