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Bitcoin

Why did Toncoin (TON) increase by 20 % in minutes?

On a slightly slow Saturday, most of the encryption assets traded quietly, the price of Toncoin increased within two minutes from two to the peak for 12 days more than $ 3.5.

This came after a statement issued by the TON Foundation that the Pavil Dorov passport was backed by the French authorities.

The price of a ton. Source: Coingecko
The price of a ton. Source: Coingecko

I remember the developments that occurred during the summer of last year when the French authorities arrested the founder of Telegram, Pavel Douru, on suspicion that various crimes were committed through the application that he runs.

It goes without saying, a ton felt the consequences immediately, given its history with Telegram, and its price decreased with double numbers. The details were scarce in the following months, but TON failed to recover despite the operation of the bull at the market level, and its bottom reached about $ 2 after trading over 8 dollars before the arrest of Dorov.

Tons Declare Earlier in the day, positive developments on the way, indicating that “Pavil Dorov’s passport was returned to him by the French authorities, and gave him the freedom to leave the country according to his discretion.”

This news represents a great moment of the decision. With nearly a billion users worldwide, Telegram represents a global movement committed to freedom of communication and the privacy right to privacy. As part of the decentralized TON community, we stood in solidarity with Pavel, and supported his fixed dedication to defend the right to freedom of expression and privacy online. “Read the statement.

As the graph above shows, TON’s reaction was immediately reacting again and rose by more than 20 %. She managed to overcome $ 3 and rose to a height of $ 3.5 before the correction slightly.

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