- Pavel Durov’s arrest pumps FUD in the crypto community as BTC price continues to dip.
- The CEO & Founder of Telegram remains in custody in France.
- TON dips 22%, network operation flows smoothly and global interest grows, TON still bullish.
The crypto market wavers yet again as the Crypto and Fear and Greed Index dips to a Neutral sentiment with an overall score of 48. Two specific factors likely cause this, the first being that Bitcoin’s (BTC) price slowly falling. Presently, the price of BTC stands at $62,000, dipped just after hitting the $65,000 price mark.
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Durov’s Arrest Pumps FUD, What’s Next for TON
The second factor has stuck fear, uncertainty, and doubt, especially in the hearts of one of the most popular crypto communities, Toncoin (TON). This asset dropped a sudden amount due to the unexpected arrest of Pavel Durov, CEO & Founder of Telegram, the foundation that resulted in the launch of The Open Network, home of the native token Toncoin (TON).
TON had an exceptional start to the year and was geared to make parabolic waves at the peak of the bull run phase of the ongoing crypto bull cycle. However, with the concerns over Durov’s arrest, many are unsure if the token will see a new ATH in the bull run phase. Does TON still have a chance to dominate the coming bull run?
According to the post above, CryptoQuant takes a look at the data. What’s in store for TON following Pavel Durov’s arrest? With Russia working hard to have their citizen returned home safely perhaps this whole situation will be dispelled soon.
TON Continues to Show Strong Signs for Bull Run Pump
The data points at three significant changes since Durov’s arrest. Firstly, the price of TON dropped from $6.8 to $5.2. This shows a price decline of 22%, not too high, but certainly a significant number. Secondly, the TON network continues to work normally and produces block unfazed. Thirdly, interest in TON has shot up from $200 million to $360 million.
Indeed, while it looks like the present suggests harm for TON, the expectations for a bright future for TON holders still shine through with global interest and normal network operations. Meanwhile, global leaders recognize that Durov and Telegram operate within national regulations meaning that his arrest is the first of what could become a global attack to end privacy.
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