TON Surges Over 20%! Pavel Durov Released: Can It Push the Price Back to $8?
TradingKey - Boosted by positive news, TON's price surged 22%. Can the rally continue?
On March 15, Telegram founder Pavel Durov was released, igniting the Toncoin (TON) community and driving TON up over 22% to a high of $3.64.
TON Price Chart, Source: TradingView.
Last Friday, the TON Foundation stated, "The TON Foundation celebrates the return of Pavel Durov's passport. We are pleased to learn that French authorities have returned Pavel Durov's passport, allowing him to leave the country freely."
On August 24, 2024, French police arrested Durov in Paris. After four days of detention, he was released on bail on August 28 under the conditions of paying a €5 million bail, reporting to the police twice a week, and not leaving the country.
Following this incident, TON's price continued to decline, dropping from a high of around $6.9 to $2.3, a cumulative decline of 67%. Now, with Durov fully released, TON has rebounded but faces resistance near the $4 level. It is unlikely to return to its all-time high of $8.2 set in June last year unless it develops another project like DOGS or NOT that can reignite market enthusiasm.
Related Articles
What Should Investors Watch With the Upcoming Federal Reserve FOMC From 18-19 March 2025?
TradingKey - It has been a rough three weeks for investors in US stock markets. The S&P 500 Index took just 16 trading sessions to fall 10%, what is officially termed a “correction”.
AI Applications Take Center Stage at GTC 2025: A New Dawn for NVIDIA Investors?
TradingKey - NVIDIA, the technology giant, has had a rocky start this year, grappling with concerns over the rise of DeepSeek and escalating tensions in U.S.-China trade relations. Year to date, NVDA's stock has declined by 10.5%.
Tether’s Paolo Ardoino makes bold U.S. debut: “We’ve been through hell—but we’re still here”
Despite Tether’s outsized influence in crypto, it was Ardoino’s first major public appearance in the U.S., a country he had long avoided over regulatory scrutiny.
How Artificial Intelligence Benefits Health Care: 10 AI Healthcare Stocks to Watch
TradingKey - With the rapid development of artificial intelligence (AI), beyond the well-known large language models such as ChatGPT and DeepSeek, people are continuously exploring new AI applications and investigating how the cutting-edge technologies driving the "Fourth Industrial Revolution"...
US Tariffs: Will This Be a Disaster?
We categorize the additional US tariffs into three potential scenarios: 1) Broad-based tariffs; 2) Limited-scope tariffs; and 3) Tariffs avoided or delayed. The table below summarizes the expected impacts on the financial markets of Canada, Mexico, China, the US and cryptocurrencies under each...