TON price jumps 20% after good news from Telegram founder (3/17/25)

Jakarta, Pintu News – The rise in the price of TON coin TON2.88%->Current TON PriceRp 58.4872.88%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 to the $3 mark with a surge of more than 20% on Saturday, March 15, has caught the attention of the market. The main trigger for this price spike was the news of a French court approval allowing Pavel Durov, the founder of Telegram, to leave France.

Pavel Durov’s freedom from France

Pavel Durov, the founder of Telegram, was recently granted permission by a French court to leave the country. Durov, who faces several charges related to facilitating organized crime activities, was granted permission to be out of France for several weeks. This decision was reported on the same Saturday that TON prices spiked.

Durov’s legal case began on August 24, 2024, when he was detained at Le Bourget airport in Paris. Days after the detention, the French Prosecutor’s Office accused the Telegram founder of running a messaging platform that allegedly facilitated illegal activity. News of Durov’s departure from France had a positive impact on the value of cryptocurrencies associated with him.

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TON Price Increase

Following reports of Durov’s departure, TON (the native cryptocurrency of The Open Network) experienced a price spike of over 20%. Although the crypto market in general has struggled to build momentum in recent months, this news provided a significant boost.

After reaching a local peak of $6 in early December, the TON price has been on a steady decline. On Tuesday, March 11, the cryptocurrency dropped below the $2.5 mark for the first time in over a year. At the time of writing, the TON price is hovering around $3.4, representing a surge of almost 18% in the last 24 hours.

TON Market Outlook

According to data from CoinGecko, TON’s performance has shown a positive increase of 17% in the last seven days. This increase signals that investors may be starting to see TON as an attractive investment again, especially after the latest news about Durov.

Crypto markets are often very responsive to news relating to important figures like Durov. The court decision allowing Durov to leave France seems to have given investors renewed confidence about TON’s stability and long-term prospects.

Conclusion

This significant increase in the price of TON shows how important legal events and court decisions are to the value of cryptocurrencies. Going forward, cryptocurrencies like TON may continue to experience sharp price fluctuations based on legal developments and news related to key figures in the industry.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. TON Price Jumps 20% After Positive Telegram News. Accessed on March 17, 2025
• Featured Image: Cryptopolitan