Toncoin Plummets After Telegram Founder Pavel Durov Reportedly Arrested In Paris
Pavel Durov, the founder of Telegram, was reportedly arrested in Paris on Saturday. Former kickboxer Andrew Tate in a tweet revealed the 39-year-old was detained for 'failing to censor the truth on his application'. Officials have not issued a formal statement yet. Toncoin plummeted as soon as Tate's tweet was out.

This sudden plunge in Toncoin's value is a classic example of how closely tied a cryptocurrency can be to its founding figures and the uncertainty surrounding them. As Pavel Durov's situation unfolds, investors and traders should be prepared for increased volatility in the Toncoin market.