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.

The swift decline in Toncoin's value following Pavel Durov's reported arrest in Paris underscores the immense influence of key figures on cryptocurrency markets. Durov's role in Telegram and the TON ecosystem lends significant weight to investor sentiment, and any perceived disruption to his involvement can have far-reaching consequences.