TON Coin Surges 35% Week-on-Week... Influenced by Telegram Founder's Release

TON coin has been on an upward trend recently. The news of the Telegram founder's release over the weekend appears to have stimulated investor sentiment for TON coin.

As of 6:26 AM on the 18th (Korean time), TON coin is trading at $3.46, up 1.04% from the previous day according to CoinMarketCap. This represents a sharp increase of 35.55% compared to the previous week.

TON coin began its upward trend on the 15th when news broke that Telegram founder Pavel Durov had received permission from French judicial authorities to leave the country and departed for Dubai. Local media reported that Durov received permission to leave the country for several weeks and moved to Dubai. Previously, Durov was indicted in August last year on charges related to crimes committed through the Telegram messenger, including facilitating the distribution of child sexual exploitation material and drug trafficking. As a result, he had been staying in France with his passport confiscated.