Pavel Durov’s Passport Returned, TON Coin Price Soars 20%

Bittime - TON Coin price saw a significant spike after Telegram founder Pavel Durov got his passport back from French authorities. How will the return of Pavel Durov's passport affect TON prices? Keep following the review.

This news immediately sparked optimism among investors, pushing TON prices up more than 20% in a short time. Check out the complete review in this article, come on!

TON Prices Soar As Pavel Durov's Passport Returns

Source: X (@ton_blockchain)

In the last few days, TON Coin has experienced a striking price spike. This crypto coin is trading above $3.45 (around IDR 56,235) with a market capitalization of $8.14 billion (around IDR 132.69 trillion). 

The rise coincided with news that Pavel Durov's passport had been returned by French authorities, after being previously detained under conditions not disclosed to the public.

Read also: XLM Vs TON Comparison: Which is Suitable for Investment?

The return of the passport was welcomed positively by the crypto community and TON supporters. The TON Foundation, the organization supporting the development of the Telegram Open Network (TON), expressed its support for Durov and affirmed its commitment to free speech and privacy in the digital world.

Durov's Influence on the TON Ecosystem

Pavel Durov is known as a very influential figure in the world of technology and crypto. His role in developing Telegram as an encrypted communications platform made him an important figure in the digital decentralization movement. 

The return of his passport fueled speculation that Durov would be more active in the development of the TON ecosystem, thereby increasing investor confidence.

FAQ

1. What caused the price of TON Coin to rise?

The TON price increase was triggered by the return of Pavel Durov's passport by the French authorities as well as a feature update in Telegram Wallet that increased the attractiveness of the TON ecosystem.

2. Who is Pavel Durov and what is his relationship with TON?

Pavel Durov is the founder of Telegram and one of the main figures behind the development of the TON ecosystem. Its existence has a big influence on investor confidence in this project.

3. What updates have been made to Telegram Wallet?

Telegram Wallet now has support for various digital assets, a yield program, a new interface, as well as improved security and transaction systems.

4. Is TON a safe investment?

Like all crypto assets, TON has a high level of volatility. Investors are advised to conduct research and consider the risks before investing.

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Reference 

Benzinga, TON Token Value Soars 20% As Telegram Founder Pavel Durov Regains Passport From French Authorities, accessed March 17, 2025.

TON, X TON Blockchain Account, accessed March 17, 2025.

Author: Y