Toncoin surges as Pavel Durov leaves France after months

TON's price rebounded following months of downward price action due to the US post-election hype dying down and macro fears setting in.

The price of Toncoin (TON) surged by over 6% immediately following the release of Telegram founder Pavel Durov from France, where the embattled tech founder has been forced to stay since his arrest in August 2024.

According to CoinMarketCap, the price of TON has rallied by roughly 18% in the last 24 hours and over 13% in the last seven days.

Following the news of the Telegram founder's arrest in France on August 24, 2024, the price of TON plummeted by over 35%, from roughly $6.88 to $4.44 by September 2024.

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