Pavel Durov Returns to Dubai: Will Toncoin (TON) Continue to Soar?

Updated

March 19, 2025

Gambar Pavel Durov Returns to Dubai: Will Toncoin (TON) Continue to Soar?

Jakarta, Pintu News – After obtaining legal approval to leave France, Telegram founder Pavel Durov has returned to Dubai. His return marks an important moment in his ongoing legal battle.

Despite allegations of criminal activity on the Telegram platform, Durov insists that his platform has gone beyond its legal obligations. Now, with Durov’s return, many are wondering about the future of Toncoin , especially after its recent significant price increase.

Toncoin price rise slows after busy week

Toncoin (TON) has experienced a sharp recovery in recent days, with the price jumping from $2.59 to $3.66, an increase of more than 40% following the news that Durov received permission to travel. However, this bullish momentum has begun to subside, with Toncoin’s price currently sitting at $3.41, down 1.25% in the last 24 hours.

The RSI indicator shows a decline from overbought levels and is now at 53.31, signaling a decrease in buying pressure. Meanwhile, the balance-on-chain volume (OBV) is still negative at -835K, suggesting that the recent price increase may not be supported by strong accumulation.

The surge in volume seen over the weekend is starting to subside, indicating possible indecision among traders. Without wider participation, TON risks entering into a consolidation phase or short-term retracement.

Also Read: Bitcoin Miner Sales Still High, On-Chain Data Reveals Bearish Trend (3/19/25)

On-Chain Profitability and Valuation Show Underlying Strength

TON’s profitability metrics show strong holder confidence, with 73.82% of tokens being “in the money”, meaning most holders bought below the current price of $3.48. Only 12.25% of addresses are “out of the money”, indicating minimal overhead resistance.

Meanwhile, the NVT ratio showed volatile fluctuations, but a clear drop in early March followed by a price surge suggests that the undervaluation has been corrected. As prices surged from March 13 to 15, the NVT ratio fell, suggesting that transaction volume supported the rally.

With NVT back up and the majority of addresses in profit, TON appears to have structural resilience, although further upside potential may depend on maintaining high transaction volumes.

Will the Toncoin Rally Last?

According to data from DeFiLlama, TON’s total value locked (TVL) jumped from $140 million to nearly $170 million between March 15-17, reflecting renewed investor confidence. Data from Santiment also showed a spike in whale transactions and high social volumes just before the price spike.

Increased on-chain activity and social buzz usually signals strong speculative momentum. The price also managed to break above $3.40 with increased volume, further validating the rally. Although a short-term pullback is possible, it seems that TON’s uptrend has a solid foundation. Unless sentiment reverses sharply or macro conditions change, Toncoin seems positioned to maintain its bullish trajectory.

Conclusion

Pavel Durov’s return to Dubai and recent developments in his legal case have had a significant impact on Toncoin. Despite some uncertainty, market indicators suggest that TON still has potential for further growth. Investors and market watchers will continue to closely monitor these developments.

Also Read: Ethereum (ETH) has the potential to surge sharply, analysts reveal similarities with 2020 trends

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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.