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 drop in Toncoin's value is a prime example of how closely tied a cryptocurrency can be to its founding figurehead, with Pavel Durov's influence clearly extending beyond just Telegram to its related projects.