The arrest of Telegram CEO Pavel Durov has shaken the cryptocurrency market, inflicting a drastic drop within the worth of cryptocurrencies related to The Open Community (TON).
Toncoin (TON) and Notcoin (NOT), two of the primary digital belongings associated to the Telegram undertaking, suffered vital falls of their share value after information of Durov's arrest.
Toncoin, la criptomoneda central de The Open Community (TON), experiences a 17% drop within the present sessionwith its value falling from $6.8 to $5.6 within the final 24 hours, as proven within the following TradingView chart.
This lower additionally impacts the Complete Worth Locked (TVL) of the TON community, which drops from $508 million to $311 million, representing a lack of 38%in accordance with knowledge from DeFillama.
TVL, a key indicator within the DeFi ecosystem, displays the entire worth of digital belongings deposited in a protocol or community, and Its fall alerts a big discount in investor confidence..
It ought to be famous that Telegram disassociated itself from TON in 2020, handing over its growth to the TON Basis, the impartial neighborhood of builders continues to make use of the open supply know-how initially created by the messaging app.
The pink TON It’s distinguished by its capability to execute good contracts and host a variety of purposes, wallets and video video games..
Toncoin is just not the one one affected
One other of the primary gamers affected by Durov's arrest is the Notcoin sport, hosted on the TON community.
This sport, identified for rewarding customers with NOT cryptocurrency in alternate for tapping the display and finishing missions, sees its eponymous cryptocurrency fall 19% within the final 24 hourswith its worth rising from $0.012 to $0.0094, as proven on the TradingView chart.
The sport, accessible by way of Telegram, permits gamers to earn NOT items by tapping a gold coin on the display, although the vitality required to take action slowly recharges over time, limiting the variety of attainable clicks.
From the official Notcoin account on social community X, the builders categorical their assist for Pavel Durov, stating that he’s not responsible of the fees in opposition to him and calling for his launch.
As reported by CriptoNoticias, the arrest of the founding father of Telegram in France is a part of an investigation into severe crimes, together with terrorism, drug trafficking, fraud and cash laundering.
