The price of Toncoin (TON) has surged by over 20% in the past 24 hours, pushing its value above $3.45 and driving its market capitalization to a staggering $8.14 billion. This dramatic price rally follows a pivotal development involving Telegram founder Pavel Durov, who recently had his passport returned by French authorities.
The decision restores Durov’s freedom to travel, marking the end of a situation that had raised concerns among privacy and free speech advocates worldwide. As the co-founder of Telegram, a messaging app with nearly a billion users, Durov has built a reputation as a strong advocate for online privacy and secure communication. His restored mobility is being seen as a victory for these principles, and the crypto market appears to have responded positively.
The TON Foundation, which oversees the Telegram Open Network (TON), took to social media to celebrate the moment, reaffirming its commitment to privacy and free speech. “As part of the decentralized TON community, we have stood in solidarity with Pavel, supporting his unwavering dedication to defending the right to free speech and privacy online,” the foundation stated.
Read Also: NAIRA surges to record highs, as CBN’s moves shake up black market
Beyond the Durov passport development, TON has also been riding a wave of positive momentum due to recent upgrades in the Wallet app on Telegram. The latest enhancements introduce multiple asset support, a yield program, and a refined user interface, making crypto transactions more seamless for Telegram’s vast user base. These new features have likely contributed to growing investor confidence in TON, fueling its rapid price increase.
As interest in decentralized networks continues to surge, TON’s latest rally signals the growing influence of blockchain projects linked to widely used platforms like Telegram. With Pavel Durov once again free to travel, speculation is rising about what’s next for the Telegram Open Network and how its development could impact the broader crypto market.
