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 sudden drop in Toncoin's value following Pavel Durov's reported arrest highlights the significant impact of external factors on cryptocurrency markets. As the founder of Telegram and an influential figure in the crypto space, Durov's detention has sparked uncertainty among investors. This price movement demonstrates the need for traders to stay informed about global events and their potential effects on cryptocurrency prices.