The price of the Toncoin (TON) cryptocurrency has fallen by about 20% after the arrest of Pavel Durov in France. Before the news, the TON price was at $6.8, as of 10:20 Moscow time on August 26, the coin is trading at $5.6, according to the OKX exchange.
Toncoin's capitalization has decreased by more than $2 billion. With a capitalization of $14.2 billion, the coin now ranks last in the top 10 largest cryptocurrencies in the Coinmarketcap rating, where it has been since the spring of 2024, when its rate began to actively grow.
According to analysts interviewed by RBC-Crypto, from a technical point of view, the nearest support levels on the TON price chart are $4.45 and $5.15, but further movement of the rate will depend one way or another on fundamental factors, namely, how the situation with Durov develops. According to AFP, Durov's detention has been extended. Below the designated marks there are several key levels to which the price may fall: $4.00 and $3.50. 0 reply
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