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 recent plunge in Toncoin's value serves as a stark reminder of the unpredictable nature of the crypto market. Pavel Durov's reported arrest in Paris has sent shockwaves, illustrating the significant impact that key figures and external events can have on cryptocurrency prices. As investors, it's essential to stay vigilant and adapt to changing market conditions, particularly when investing in assets closely tied to influential individuals.