- Toncoin’s open interest surged 67% to $169 million after Telegram’s founder, Pavel Durov, left France following legal troubles, driving the cryptocurrency’s price up 17% to $3.45.
- Meanwhile, Telegram reaffirmed its commitment to The Open Network by exclusively supporting the TON blockchain, amid increasing regulatory scrutiny and cooperation with authorities.
Toncoin, the native cryptocurrency of The Open Network (TON), experienced a remarkable surge on March 15, 2025, with its open interest (OI) skyrocketing by 67% to hit $169 million. This jump followed reports that Telegram’s founder, Pavel Durov, had left France after months of legal troubles. The price of Toncoin also climbed 17%, reaching $3.45, marking one of the most significant rallies in recent months.
The Impact of Durov’s Departure
Durov had been under restriction in France since his arrest in August 2024 due to allegations that Telegram facilitated illicit activities. However, after French authorities returned his passport, he was able to leave the country. His exit comes amid increased scrutiny of privacy-focused platforms and heightened regulatory discussions surrounding cryptocurrency networks.
The market’s reaction to Durov’s departure has sparked debates about the long-term trajectory of Toncoin. Analysts suggest that the cryptocurrency might be entering an accumulation phase, but concerns about volatility remain. A potential price drop to around $3 could result in the liquidation of approximately $18.8 million in long positions, highlighting the uncertain nature of this rally.
A Familiar Market Reaction
This isn’t the first time Toncoin has responded sharply to news involving Durov. Following his arrest in August 2024, Toncoin’s OI spiked by 32%, but its price later declined by nearly 12%. This pattern suggests that while Toncoin often sees short-term gains from major news events, sustained growth may require deeper market stability and confidence.
Telegram’s Crypto Commitment
Amid these developments, Telegram has reaffirmed its commitment to The Open Network. In January 2025, the company announced that it would exclusively support the TON blockchain, discontinuing any backing for other blockchain projects. This move solidifies Telegram’s strategic focus on deepening Toncoin’s integration into its ecosystem, particularly within its Mini App services.
Additionally, Telegram has increased cooperation with authorities, fulfilling 900 user data requests in 2024. The company has provided user information, including IP addresses and phone numbers, underscoring its evolving approach toward regulatory compliance.
As Toncoin’s open interest remains high, investors and analysts will be closely watching whether the cryptocurrency can maintain its gains or if market volatility will lead to a correction. The long-term impact of Telegram’s regulatory challenges and its commitment to the TON ecosystem will be crucial in determining the cryptocurrency’s future trajectory.
While Toncoin’s surge is a promising sign for supporters of the project, its future remains intertwined with Telegram’s ability to navigate regulatory landscapes and strengthen the integration of its blockchain services.
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