The price of Toncoin (TON) jumped over 6% following the release of Telegram founder Pavel Durov from France, where he had been compelled to remain 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 Aug. 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