The value of Toncoin (TON) jumped by more than 6% right after Telegram founder Pavel Durov was allowed to leave France, where he had been staying since his arrest back in August 2024.
As reported by a popular cryptocurrency tracking platform, TON’s value has increased by about 18% within the last 24 hours and over 13% over the past week.
After news broke of Durov’s arrest in France on August 24, 2024, TON’s price fell sharply by more than 35%, dropping from around $6.88 to $4.44 by September 2024.
The cryptocurrency peaked at $7.20 on December 4, 2024, amid a significant rally in the crypto markets linked to the re-election of President Donald Trump in the U.S.
However, the price of TON subsequently plummeted by approximately 67%, hitting a low of $2.36 on March 11, 2025.
Toncoin’s price trends since August 2024.
Toncoin operates as the cryptocurrency for The Open Network, which is distinct from the Telegram messaging platform, though it has become popular among its users.
Durov’s release from France was celebrated by both Telegram and TON supporters as a victory for freedom of speech, even as discussions about online security versus freedom of expression continue to intensify.
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Pavel Durov given permission to leave France after extended stay
The Telegram founder reportedly received clearance to depart France on March 13, heading to Dubai.
According to sources from a news agency, Durov’s exit from the European nation was confirmed this morning, with other accounts suggesting that he has been permitted to leave for “several weeks.”
At this moment, it’s unclear if the legal proceedings in France have concluded or if Durov has only been granted temporary freedom as the case continues to be processed through the legal system.
A statement from the Paris Public Prosecutor’s Office detailing charges against Pavel Durov.
French authorities have accused Telegram of enabling illicit activities by not censoring its messaging platform, leading to charges against Durov that required him to remain in France under a bail agreement.
Durov later described the arrest as unwarranted and stated that the company has a representative in the European Union to address legal inquiries.
He highlighted that both he and the company would have willingly cooperated with French officials had a proper legal request been made.
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