By Anthony Marcus, correspondent for Eurasia Business News, on August 25, 2024. Article n°1190.

The news of Pävel Durov’s arrest in France this morning led to a sharp drop in Toncoin’s price, falling as much as 18% to below $5.53. The market capitalization of Toncoin decreased from approximately $17.1 billion to around $14 billion shortly after the news broke.

The live price of Toncoin is $ 5.667134 per (TON / USD) with a current market cap of $ 14.36B USD. 24-hour trading volume is $ 2.43B USD.

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Toncoin, originally known as Gram, is the native cryptocurrency of The Open Network (TON), a decentralized blockchain platform initially developed by the team behind Telegram, led by Pavel Durov.

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© Copyright 2024 – Eurasia Business News. Article no. 1190.