Did Pavel Durov Just Leave France? Toncoin Open Interest Skyrockets 67%!

Jakarta, Pintu News – Toncoin TON->Current TON PriceRp 0Market Cap-Trading Volume-Circulating Supply- experienced a remarkable spike in Open Interest (OI) after reports surfaced that Telegram founder Pavel Durov had left France.

Toncoin’s OI increased by 67% on March 15, 2025, reflecting a surge in derivatives trading activity. This comes amid heavy speculation about the impact Durov’s departure will have on the crypto ecosystem, particularly The Open Network (TON), the blockchain that serves as the exclusive infrastructure for Telegram’s mini-apps.

Toncoin surge reaches highest level in 42 days

As reported by Cointelegraph (16/3), Toncoin saw its OI increase to $169 million (IDR 2.76 trillion) on March 15, 2025, marking the highest level since February 1. This increase coincided with a 17% surge in the price of TON in the same period, making it trade at $3.45 (IDR 56,994) per coin.

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Crypto investors and traders think that this surge is a sign of long-term accumulation. Some analysts predict that as long as Toncoin can hold at key support levels, the potential for further gains remains open.

However, if the price falls back to $3 (IDR 49,125), then the approximately $18.8 million (IDR 307.85 billion) in long positions are at risk of liquidation.

Durov’s Departure and Its Impact on the Crypto Industry

Pavel Durov has reportedly left France after previously being required to remain in the country for seven months post-arrest in August 2024.

His departure has led to speculation about how this could affect the cryptocurrency ecosystem, particularly regarding blockchain regulation and security.

Reports suggest that Durov is now in Dubai, a region known for not having extradition treaties with many countries. This has led to suggestions that Durov wants to avoid further potential lawsuits that could affect Telegram’s operations and the TON ecosystem.

The situation has also reignited the debate on how global governments handle privacy-based services like Telegram.

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Telegram and the Growing Regulatory Pressure

Telegram faced increased scrutiny from global authorities, especially after Durov’s arrest. In 2024, the platform received 900 requests from US authorities for user data, a drastic increase after the arrest of its CEO.

The data handed over included users’ IP addresses and phone numbers, raising concerns about privacy in the crypto community.

In line with the regulatory changes, Telegram has also taken a big step forward in its blockchain strategy. In January 2025, the company announced that it would cease support for all blockchains except The Open Network (TON).

This decision emphasizes their commitment to the TON ecosystem, but also raises the question of whether this move will strengthen or weaken Telegram’s position in the cryptocurrency industry.

Overall, Toncoin’s surge and Pavel Durov’s reported departure from France show how much of an impact one individual can have on the crypto industry. Although the market responded positively to this news, uncertainty still surrounds the future of TON and Telegram amid increasing regulatory pressure.

With the crypto market always being dynamic, investors need to stay alert to the latest developments, especially regarding the impact of global policies on digital assets.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Toncoin Open Interest Surges as Telegram Founder Pavel Durov Leaves France. Accessed March 17, 2025.
• CryptoNews. Toncoin Open Interest Surges 70% as Telegram’s Pavel Durov Reportedly Leaves France. Accessed March 17, 2025.