Toncoin

Notcoin

Date: Sun, August 25, 2024, 01:36 AM GMTIn the cryptocurrency market, things can change overnight, and the fall of Toncoin and Notcoin is a perfect example of that. Within the last 24 hours, Toncoin has dropped by a staggering 15.52%, while Notcoin has suffered an even steeper fall of 16.63%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/398cdf5f0c3c4c32ad96ccf40cd2875f.png" />Source: CoinmarketcapTelegram Founder’s Arrest:The cause of this sudden downturn can be traced back to a shocking <a href="https://coingape.com/breaking-toncoin-price-slips-as-telegram-founder-faces-france-detention/" rel="noopener noreferrer nofollow">news </a>involving Telegram&#39;s founder, Pavel Durov. Around 8 PM yesterday, Durov was arrested at Le Bourget airport as he arrived in France on his private jet, accompanied by his bodyguard and a woman. The arrest was carried out by the Air Transport Gendarmerie (GTA) under a French search warrant issued by the OFMIN of the national directorate of the French judicial police.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f4e04b26f5c34cb9aac372110fc086fb.png" />Source: XThis warrant is part of an ongoing investigation into Durov&#39;s alleged involvement in serious criminal activities linked to Telegram. The accusations are grave, ranging from terrorism and narcotics trafficking to fraud and the distribution of illegal content, including material related to child exploitation.As both Toncoin and Notcoin are projects closely associated with Durov and Telegram, news of his arrest has sent shockwaves through the market. Panicked investors have responded by selling off their holdings, leading to the steep price drops observed.<h3 id="liquidations">Liquidations:</h3>The impact of Durov&#39;s arrest has also been felt in the derivatives market. According to data from <a href="https://www.coinglass.com/currencies/NOT" rel="noopener noreferrer nofollow">Coinglass</a>, Toncoin derivative investors lost a total of $3.96 million, with $2.45 million liquidated in long orders. Notcoin investors saw similar losses, with $3.41 million in liquidations, of which $2.27 million were long orders.<h3 id="what-s-ahead">What’s Ahead?</h3>At this point, it’s difficult to predict what lies ahead for Toncoin and Notcoin. Investors should closely monitor any further developments from the French authorities regarding Pavel Durov. The damage from this news is already significant, and prices may remain volatile until more information is released.

Toncoin and Notcoin Tumble as Telegram Founder Gets Arrested

Table of Contents

CoinsProbe

Other articles published on Aug 25, 2024

Now what’s the fate of Toncoin?

WazirX says external interference is derailing its recovery plans

'TON Remains Fully Operational': Statement

Coinbase CEO Brian Armstrong Introduces OnChainScore for Secure Crypto Wallet Analysis

What Will Happen to Toncoin (TON) After Telegram Founder’s Arrest? Official Statement Released

Shiba Inu & Avalanche face uncertainty; Rollblock captures crypto whales’ attention

Join our free newsletter for daily crypto updates!