Toncoin Price Hits Four-Month Low Amid Telegram Founder Arrest and Network Outages

Sep 04, 2024

Toncoin's price dropped below $5, reaching a four-month low after the arrest of Telegram founder and CEO Paul Durov. The cryptocurrency, which powers The Open Network (TON), saw a 4.1% decrease in price, resulting in a 26% loss over the past two weeks. This decline pushed Toncoin out of the top ten cryptocurrencies by market capitalization.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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