Toncoin (TON), the native cryptocurrency of The Open Network (TON), has surged over 20% in price in the past 24 hours, reaching a high of $3.48. This significant increase is closely related to the latest developments involving Telegram founder Pavel Durov. According to multiple media reports, French authorities returned Durov's passport on March 13, 2025, and approved his temporary departure from France to Dubai. This move ended Durov's restrictions in France due to legal disputes since August 2024, triggering a strong reaction in the cryptocurrency market.
Background of the Incident: Durov's Legal Troubles
Pavel Durov, a tech entrepreneur with citizenship in Russia, France, and the UAE, was arrested at Paris Le Bourget Airport on August 24, 2024, due to allegations that the Telegram platform failed to effectively curb illegal activities. French prosecutors accused him of "conspiring to manage an online platform to facilitate illegal transactions," involving charges related to drug trafficking, money laundering, and the distribution of sexual content involving minors. After posting a bail of €5 million (approximately $5.6 million), Durov was released but required to remain in France under judicial supervision, reporting to the police every two weeks.
This case sparked intense debate within the global tech community and the cryptocurrency sector. Supporters viewed it as an attack on freedom of speech and privacy rights, while critics accused Telegram of lacking content regulation. Durov himself insisted that Telegram would cooperate if French authorities made a legitimate legal request.
On March 13, 2025, a French court adjusted Durov's supervision conditions, returning his passport and allowing him to leave France for several weeks. This decision was seen as a significant victory for the TON community, with the TON Foundation expressing on social media: "We are pleased to learn that Pavel Durov's passport has been returned, and he is free again."
Toncoin Price Surge: Strong Market Reaction
The news of Durov's release quickly ignited market enthusiasm for Toncoin. According to AiCoin data, the price of TON rapidly climbed from $2.95 on March 15 to $3.60, with a more than 20% increase within 24 hours and trading volume surging 216% to $514 million, pushing the total market capitalization above $8.4 billion. This upward trend made TON one of the best-performing mainstream cryptocurrencies of the day.
Analysts noted that Durov's legal troubles had previously placed significant pressure on the TON ecosystem. After his arrest in August 2024, the price of TON plummeted from $6.88 to $4.44, before briefly rising to a yearly high of $7.20 amid a market surge following Trump's re-election. However, as the post-election excitement faded, the price of TON fell to a yearly low of $2.36 on March 11, 2025, a drop of 67%. The news of Durov's release undoubtedly injected confidence into investors, driving a rapid price rebound.
Crypto analyst Crypto Patel stated: "TON perfectly rebounded from the support level of $2.50, and the current price range ($2.40-$3.00) is an excellent entry point for long-term investors." He predicted that if TON breaks through the resistance level of $5, it could rise further to $6 or even higher.
Broader Implications: TON Ecosystem and Market Outlook
TON is not just a cryptocurrency; The Open Network behind it is a core component of Telegram's vision for Web3. In 2024, the TON ecosystem rapidly grew through mini-games and decentralized applications, with user accounts skyrocketing from 4 million to 128 million. However, Durov's legal issues had raised doubts among investors about its future development.
Durov's trip to Dubai—home to Telegram's headquarters—is seen as a signal for the revival of the TON ecosystem. Dubai, as a global hub for technology and blockchain innovation, may present new development opportunities for TON. The TON Foundation stated that Durov's freedom will accelerate the advancement of blockchain projects, particularly in decentralized payments and digital identity applications.
However, there are also cautious voices in the market. AMBCrypto warned that while TON has surged due to the Durov incident in the short term, its long-term stability still relies on the actual adoption rate of the Telegram ecosystem. Currently, 96% of TON holders are in a state of loss, indicating that speculative sentiment still dominates. If Durov's legal issues are not fully resolved, regulatory risks may again weigh on prices.
Conclusion
Pavel Durov's release and its impact on Toncoin prices highlight the cryptocurrency market's sensitivity to key figures and external events. From legal troubles to price surges, this incident not only boosted the morale of the TON community but also served as a wake-up call for the crypto industry: balancing regulation and innovation remains a core issue for future development. As Durov embarks on a new chapter in Dubai, whether TON can leverage this momentum for widespread adoption remains to be seen.
Disclaimer: The above content is for reference only and does not constitute investment advice.
AiCoin Official Website: www.aicoin.com
Telegram: t.me/aicoincn
Twitter: x.com/AiCoinzh
Email: support@aicoin.com
Group Chat: Customer Service Yingying、Customer Service KK
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
