Will Toncoin explode after Durov’s release ?
The price of Toncoin (TON) surged by over 20% after Telegram founder Pavel Durov was allowed to leave France, where he had been stranded since his arrest in August 2024. This news has reignited hope among investors who see Durov’s departure to Dubai as opening up new opportunities for the TON ecosystem.
Arrested in August 2024 by French authorities for allegedly operating a platform facilitating illegal activities, Durov saw Toncoin’s price plummet by over 35%, dropping from $6.88 to $4.44. Although Toncoin later rebounded, even reaching a historic high of $7.20 in December 2024, it subsequently plummeted by 67% following President Trump’s election, hitting a low of $2.36 on March 11, 2025.
The TON Foundation welcomed Pavel Durov regaining his passport, allowing him to leave France at his discretion. This development is seen as a victory for freedom of speech and decentralization.
“The TON Foundation is delighted to learn that Pavel Durov’s passport has been returned to him by the French authorities, granting him the freedom to leave the country at his discretion. This news marks a significant moment.”
The Toncoin’s rebound reflects the crypto market’s sensitivity to regulatory news. With Durov now settled in Dubai, a renowned hub for technological innovation and blockchain, investors are optimistic about the adoption prospects of the TON project.
While the final outcome of the legal case remains uncertain, today’s price movement signals a return of optimism for the project’s long-term future. As the debate between online security and freedom of expression continues, Toncoin’s activity will be closely monitored by traders and regulators.
Should you Buy TON ?
At the time of writing, TON has broken its “falling wedge” pattern and bounced perfectly off the lower part of its Daily Mean Reversion Channel. It is currently facing resistance at $3.6.
If this level is broken, TON could then make a leap to $5.46 over the next few weeks, representing a potential increase of 58%.
However, for the long term, as long as the protected high of $6.47 is not breached, the long-term uptrend is not confirmed.
To buy TON, simply register on an exchange like Bitget. Here’s a practical guide on how to purchase the token in a few steps:
- Create a Bitget account
Head to Bitget’s official website and sign up with your email or phone number. Confirm via the code sent and activate 2FA to secure your account. - Verify your identity (KYC)
Complete KYC verification by submitting an ID document and, if necessary, proof of address. This quick step unlocks all trading features. - Deposit funds
In “Deposit,” top up your wallet with cryptos (USDT, BTC, etc.) or via fiat (credit card, wire transfer). Select your method and follow the instructions. - Access the TON market
Go to “Spot Market” or “Trading,” search for “TON,” and choose a pair like TON/USDT to enter the exchange interface. - Place a buy order
Opt for a market order to buy instantly or a limit order to set a price. Specify the desired quantity of TON and confirm the transaction.
