News of the arrest of Pavel Durov, founder of Telegram and TON, has caused a stir in the cryptocurrency community. In response to panic among investors, the price of TON has dropped. Despite the concerns, many analysts are confident that the detention will only have a short-term effect. In the long run, the Toncoin cryptocurrency has every chance to regain its position. In this article, we will examine how Pavel Durov’s arrest affected the TON ecosystem and what to expect from the price of the native cryptocurrency.

Why Did Pavel Durov’s Arrest Cause Toncoin’s Price to Plummet?

On August 22, 2024, Pavel Durov, a well-known businessman and the creator of Telegram and TON, was arrested in France. Some investors, driven by panic, started to actively sell off their assets, fearing a further downward trend. Within just a few hours, Durov’s arrest dropped the TON rate by more than 10%. This predictable reaction did not surprise major investors and analysts who are well aware of the strong correlation between cryptocurrency and media attention.

If you are new to cryptocurrency and recently bought TON, there is no need to worry, as the arrest of the founder is not directly related to the ecosystem. TON is a decentralized project, and its technical structure continues to operate independently of the creator’s identity. Durov’s arrest does not affect the value because the development team is still advancing the project.

Toncoin Sell-Off: The Current Situation

The mass sale of TON began almost immediately after the news broke. Investors without long-term strategies and beginner crypto enthusiasts hurried to offload their Toncoin, anticipating a further decline in price. This makes sense, as the drop is continuing even now and could reach a 20% decrease.

However, whales are not succumbing to the market panic and are keeping Toncoin among their assets. The confidence of major players indicates that it may not be wise to rush into selling. In fact, now could be the best time to buy.

Short-Term Drop or Long-Term Threat?

Despite the current price drop, analysts agree that it is temporary. The fundamental aspects of the ecosystem remain unchanged: the technology is still functional, and the community is actively supporting the project, with statements advocating for Pavel Durov’s release.

There are factors that suggest TON’s price may soon start to rise again:

• Decentralized structure: Toncoin’s technical architecture is built on decentralization, making it less vulnerable to external factors, including Durov’s arrest.
• Active community: The TON community continues to grow, with new applications and services being developed on the blockchain. This helps maintain the cryptocurrency’s long-term appeal.
• Influence of Telegram: Despite Durov’s arrest, Toncoin’s connection with Telegram makes the token a significant part of the ecosystem.

The recent drop in Toncoin’s price can be seen as a short-term correction caused by external factors. Investors should not panic, as the fundamental indicators remain positive.

TON’s Future Outlook

Current market conditions create uncertainty for short-term investors, but long-term forecasts for Toncoin remain optimistic. Experts believe that once the market stabilizes, the situation will improve. One of the key factors contributing to this is the integration of Toncoin into the Telegram ecosystem, which could lead to a growth in the user base and demand for the token.

Many analysts are confident that once the panic subsides, the price of Toncoin will not only recover but could even exceed its previous levels. Unique opportunities provided by the TON blockchain, such as support for smart contracts and decentralized applications, will aid in this recovery.

Buying Toncoin: Risks and Opportunities

What’s happening with Toncoin right now could be a good opportunity for investors who are ready to take risks. The price drop creates favorable conditions for purchasing tokens during a downward trend. It is always important to remember the risks associated with cryptocurrencies: the market remains highly volatile, and fluctuations may continue in the coming days and weeks.

You can buy TON on Quickex in just a few clicks – no need for registration or KYC verification. Simply choose a trading pair with TON and enjoy the best market rate and fast transactions.

Pavel Durov’s arrest has already caused short-term market fluctuations, but it will not have a significant impact on the ecosystem’s future. The TON project has a strong decentralized architecture that allows it to function independently of external circumstances. The community and major investors continue to support the project, providing a foundation for future growth.

Experts predict that TON’s price may not only recover but also increase in the long term. The main driver of this growth will be the development of the TON ecosystem and the integration of the cryptocurrency into Telegram.