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International Business Times
International Business Times
Business
Marvie Basilan

Toncoin Plunges Again As Telegram CEO Arrest Charges Released

Pavel Durov Ton Telegram Emmanuel Macron Toncoin Elon Musk France Rumble Chris Pavlovski Tucker Carlson
Pavel Durov recently sat down with Tucker Carlson to talk about his stance on free speech and his roots. YouTube | Telegram Creator on Elon Musk, Resisting FBI Attacks, and Getting Mugged in California (Credit: Tucker Carlson YouTube/Screenshot)

KEY POINTS

  • $TON plunged nearly 8% Monday night after already plummeting by over 20% over the weekend
  • Macron said Durov was arrested in relation to an "ongoing judicial investigation," not for "political" reasons
  • The tech community, including Elon Musk, has called on France to release more details about the arrest

Telegram CEO Pavel Durov's arrest continues to haunt the cryptocurrency community, with Toncoin ($TON), the native token of The Open Network (TON) blockchain, plunging once more Monday night.

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