Date: Fri, Sept 06, 2024, 06:20 AM GMT
In the cryptocurrency market today, Telegram CEO Pavel Durov’s recent release from French custody has triggered a significant boost in the value of tokens within the TON ecosystem. Durov, who was detained by French authorities at Le Bourget Airport near Paris on August 24, saw the prices of TON ecosystem tokens plummet by over 20% following his arrest. However, his release and subsequent statement have reversed the trend, driving a strong recovery across the board.
Durov Breaks Silence After Release
After four days of detention, Durov finally addressed the situation in a statement posted on Telegram. He clarified that the French police questioned him over concerns that Telegram was being misused by criminals. Durov firmly denied any wrongdoing and emphasized his commitment to improving the platform’s security measures.
“Telegram’s rapid growth to 950 million users has presented challenges, making it easier for some to misuse our platform. I am personally committed to ensuring that we address these issues and will share more details on our progress soon,” Durov wrote.
Durov expressed surprise at the actions of the French authorities, pointing out that Telegram has a representative in the European Union and multiple channels for official communication. He criticized the authorities’ approach, arguing that holding him responsible for the actions of third parties was misguided.
TON Ecosystem Tokens Rebound
Following Durov’s statement, TON ecosystem tokens saw a sharp rebound. Toncoin (TON) surged by 7.42%, trading at $4.88. Notcoin (NOT) followed with a 3.39% increase, reaching $0.0076, and Dogs (DOGS) also saw a rise of 3.96%.
The market’s positive response to Durov’s statement highlights the strong influence of Telegram’s leadership on the TON ecosystem. Investors appear confident that the platform’s growing pains will be addressed, paving the way for further growth and stability.
As the situation develops, all eyes will be on Durov’s next moves and how they will impact the broader cryptocurrency market.