Telegram Founder's Passport Returned, Altcoin Price Jumps 25 Percent! - Coin Newsletter

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With the return of Telegram founder Pavel Durov's passport, which was confiscated by France, the price of Toncoin (TON) soared.

Pavel Durov, the co-founder of Telegram, has regained his passport, which had been confiscated by the French authorities for a long time. After this development, Durov, who regained his freedom of travel, caused a great repercussion both in the crypto market and among free speech advocates. The resolution of the passport problem of Durov, who is an important figure in private life and confidential communication, caused a sharp rise in the price of Toncoin in the markets.

The TON Foundation, which developed Toncoin and supports the Telegram Open Network**, also made a statement on social media. "As TON's decentralized community, we have always supported and stood in solidarity with Pavel's steadfast stance on online privacy and freedom of expression," the foundation said.

The surge in the price of Toncoin was not only due to the return of Pavel Durov's passport.** Telegram has also added new features to its own wallet app, which has excited investors. The addition of features such as multi-asset support, yield programs, and a revamped user interface to the Telegram Wallet app has increased TON's utility and popularity, supporting the rise in price.

According to CoinGecko data, TON, which gained 25% in value with the flow, is trading in the $3.44 band at the time of writing.

EL-1.68%
TON-4.08%
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