Krutika Adani
Telegram CEO and Founder Pavel Durov has been arrested in France for failing to moderate activity on its platform.
The price of Toncoin crashed 22% from $6.84 to $5.3 within a single day. The crash was severe as Telegram played a critical role in developing TON.
However, there would be no long-term impact. TON is a very stable and highly scalable blockchain with theoretical speeds of 100k transactions per second,
After the crash, the price has recovered slightly and, at press time, trades at $5.63.
Since TON has corrected 32% of its ATH of $8.34, it is now in an accumulation zone. Any recovery from this point could lift the price to $6.