The value of TON has risen by over 20% in the past 24 hours, now trading at more than $3.45 with a market cap of $8.14 billion. This spike follows the return of Telegram founder Pavel Durov’s passport by French authorities.
With the passport issue resolved, Durov can travel freely again, putting an end to a situation that had raised alarms among advocates for privacy and free speech. Durov, a co-founder of Telegram—a messaging service with almost one billion users—has been a strong proponent for privacy rights and secure communication.
The TON Foundation, which backs the Telegram Open Network, took to social media to mark the occasion, expressing solidarity with Durov and supporting his steadfast commitment to online free speech and privacy.
Additionally, TON has gained traction from recent features added to the Wallet app on Telegram, such as support for multiple assets, a yield program, and an enhanced user interface.
For further updates, see related coverage on Telegram’s transition to TON Payments for advertising.