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Telegram’s CEO Pavel Durov’s detention in France and subsequent release under judicial control sharply decreased TON’s value. However, cryptocurrency investors continue to remain calm. Developments have not overshadowed TON’s potential.
Developments Impact Toncoin
Telegram’s founder Pavel Durov’s incidents in France have recently resonated widely in the cryptocurrency world. Toncoin, which holds a significant place in Telegram’s history, experienced a substantial loss in value following this development. Toncoin, which has dropped approximately 15% in the last seven days, is currently trading around $5.58.
Despite this negative outlook, some cryptocurrency investors are not giving up on TON. CoinFund’s managing partner Alex Felix stated, “TON’s fundamental structure is still strong,” indicating that the firm does not regret its investment decisions. Felix’s statement shows full confidence in TON.
Support for Toncoin Continues
Ryze Labs CEO and founder Matthew Graham also expressed similar optimism, emphasizing that the surpassing of 50 million TON accounts this week is a more significant development than Durov’s incidents. Graham said, “Pavel’s detention and subsequent release is certainly important news. However, TON’s growth potential can surpass such developments.”
Another investor in TON is Shauli Rejwan, a partner at Masterkey VC. Rejwan believes that TON will grow independently of Telegram over time. In his statement, Rejwan highlighted the project’s future potential by saying, “History shows that strong projects can detach from their initial connections. TON is progressing confidently on this path.”
Discussions Continue in the Cryptocurrency World
While Telegram’s Durov’s detention continues to resonate in the cryptocurrency world, these three major crypto funds investing in TON maintain their belief in the project. The investigation in France regarding Durov’s arrest has not yet concluded. French prosecutors have stated that Durov will not be allowed to leave the country and must sign in with the police twice a week. Additionally, a bail amount of $5.5 million has been set.
The specified process seems to be a challenging test for TON and its investors. However, the events could also be a significant milestone determining TON’s future position. During this turbulent period in the crypto world, the belief and support for TON could shape the project’s long-term success.
