Toncoin shoots after France returned his passport to the founder of Telegram

• Tancoin’s price increased more than 18% after the founder of Telegram, Pavel Durov, obtained approval to get out of France.
• While the Telegram and Toncoin community celebrated, the Ton price rose to maximum $ 3.48.

The price of Toncoin (Ton) rose dramatically after the founder of Telegram, Pavel Durov, who is under judicial scrutiny in France, received, as reported, permission to leave the country.

At the time of writing this article, Ton, the native token of The Open Network, rose 18%, quoting $ 3.48. The Token was one of the ones that rose the most in the last 24 hours, with a daily volume that increased by 216%, exceeding $ 514 million.

The latest legal news of Durov contributed greatly to this situation.

The founder of Telegram, Durov, can travel to Dubai.

Durov, accused in Paris of complicity in criminal activities related to its encrypted messaging platform, left Le Bourget airport, near Paris, on Saturday. According to sources cited by a local communication medium the authorities returned his passport.

The Ton Foundation also confirmed the fact, authorizing him to leave the country to his discretion. This is what the Ton Foundation wrote in x :

“The Ton Foundation is pleased to know that the French authorities have returned the passport to Pavel Durov, giving him the freedom to leave the country to his discretion.”

According to the reports, the instruction judge in charge of the case of Durav accepted the request to modify the judicial supervision of the founder of Telegram. The court authorized Durav to leave France for several weeks.

The departure from Durav to Dubai, headquarters of Telegram, occurs after months of strict judicial supervision. This includes a bail of 5 million euros, biweekly police controls and the prohibition of leaving the French territory.

The founder of Telegram is in France since his arrest in August 2024. The charges against him derive from the accusations that Telegram has been used to facilitate organized crime, an affirmation that Durov has refuted, promising to reinforce the moderation efforts of the platform.

Ton’s rise is produced after a widespread fall of the market that saw Bitcoin (BTC) fall below $ 80,000. However, the main cryptocurrency is listed above $ 84,000.

The Tancoin price is experiencing a volatility similar to the one that occurred in August, when the French authorities arrested Durove. Although the Altcoin remains well below the historical maximum of $ 8.20 reached in June 2024, the rebound of almost 20% is great news for investors.

However, Durov is expected to return to France after several weeks. In this case, Altcoins may experience considerable volatility. Operators should be attentive to the general conditions of the cryptocurrency market.