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CryptoIntelligence 2024-08-25 20:03:00

Toncoin Sees Surge in Futures Trading as Pavel Durov Arrested

Toncoin, the native coin of The Open Network, originally developed by the Telegram messaging app, experienced a surge in futures trading following the arrest of Telegram CEO Pavel Durov. On Aug. 24, Durov was arrested when his plane landed at Bourget airport near Paris. He allegedly faces charges including terrorism, trafficking, conspiracy, fraud, and money laundering. Following the news, Toncoin’s open interest (OI) surged by 32% to $303.09 million, as reported by CoinGlass data. This increase came as TON’s price plummeted in response to Durov’s arrest. As of the time of publication, TON is trading at $5.71, marking a 14.71%

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