Toncoin dropped from $6.72 per coin to $5.38 per coin – down 20%, CoinMarketCap said.
The Toncoin cryptocurrency, founded by Pavel Durov and used in Telegram, fell sharply in price after the news of the arrest of its co-founder in France. This is confirmed by data from cryptocurrency price tracking site CoinMarketCap.
The price drop started around 23:45-23:50 on August 24, when the first news about the detention of Telegram founder Pavel Durov at Le Bourget airport began to emerge.
In almost 12 hours, the price of Toncoin dropped from $6.72 per coin to $5.38 per coin, in other words, by 20%. Cryptocurrency keeps falling.
We previously reported that Pavel Durov was detained at the French Le Bourget airport on Saturday, August 24.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.