HuntTown

How's your Monday? A simple crypto new here... [Toncoin Surges as Telegram’s Durov Exits France]

Toncoin’s open interest jumped 67% to $169M after Telegram’s Pavel Durov left France amid legal issues. The price rose 17% to $3.45, fueling speculation about Toncoin’s future. Analysts suggest a long-term accumulation phase but warn of volatility. A drop to $3 could trigger $18.8M in liquidations. Durov’s arrest in 2024 led to concerns over regulation, and his departure raises further questions about Telegram’s role in crypto. Telegram has increased cooperation with U.S. authorities, sharing user data more frequently. Meanwhile, it reaffirmed its commitment to the TON blockchain, cutting support for other networks. The market remains uncertain, closely watching developments in regulatory scrutiny and Telegram’s evolving crypto strategy.