Telegram Founder Skips Town, TON Price Soars Like a Rocket! 🚀💰

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Ah, the TON price, that fickle creature of the crypto sea, has once again danced its way back to the $3 mark, leaping over 20% on the fateful Saturday of March 15. What caused this sudden burst of joy? Why, the news that the French court has given a thumbs-up for Telegram’s very own Pavel Durov to escape the clutches of France! 🎉

Telegram Founder Reportedly Cleared To Leave France

In a twist worthy of a melodrama, it appears that Durov has been granted permission by a French court to bid adieu to the land of croissants and charges of organized crime. One source from AFP, who must have a flair for the dramatic, claimed that our hero was allowed to leave France for “several weeks.” How generous! 😏

But let us not forget the saga that began on August 24, 2024, when Durov found himself detained at Le Bourget airport, a scene straight out of a thriller. Days later, the French Prosecutor’s Office decided to throw a few charges his way, accusing him of running a messaging platform that allegedly facilitated some rather unsavory activities. Oh, the audacity! 📜

On August 28, Durov was released on a hefty $6 million bail, but not without the delightful caveat of restrictions on his movements. The prosecutors, it seems, wanted to keep him close until their investigation concluded. How charming! 🕵️‍♂️

As the plot thickens, a source close to the case revealed that Durov was allowed to leave France temporarily after the investigating judge, perhaps feeling generous, approved his request to modify his supervision conditions. Rumor has it, he’s off to Dubai! 🏖️

His arrest sent shockwaves through the crypto community, with experts pondering the implications for technology and encryption. It’s a worrying trend, indeed, to hold founders accountable for the actions of their platforms. What a world we live in! 🌍

As of now, there’s been no official word from Telegram or Durov to confirm this delightful escape. Stay tuned! 📻

TON Price Up 20%

In the wake of Durov’s potential getaway, the TON (the native cryptocurrency of The Open Network) decided to join the party with a price spike of over 20%. It seems the crypto market has been on a rollercoaster ride lately, struggling to find its footing. 🎢

After reaching a high of $6 in early December, the TON price took a nosedive, dropping below the $2.5 mark for the first time in over a year on March 11. What a fall from grace! 😱

But fear not! As of this moment, the TON price stands at around $3.4, reflecting an almost 18% surge in the past 24 hours. According to CoinGecko, the token has managed to claw back with a positive 17% gain over the past week. Bravo! 👏


Featured image from Unsplash, chart from TradingView

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2025-03-16 17:47