Telegram, a popular messaging app, has faced a tough few weeks. Its founder, Pavel Durov, was arrested in France and charged with serious crimes. This unexpected event led to a significant drop in the price of Telegram’s cryptocurrency, Toncoin. However, amazingly, the opposite happened. The number of people using Telegram increased, and Toncoin’s value also grew.
The blockchain behind Telegram, called TON, has been gaining popularity. A recent event, called Korea Blockchain Week, celebrated TON’s reaching 1 billion transactions. This milestone was seen as a major achievement. The CEO of TON Society, a group that manages the TON community, said that TON’s active users and transactions have never been higher.
Despite the charges against Durov, Telegram’s app has become more popular. This is surprising, as Durov’s arrest was a major setback. However, it seems that the app’s value has actually increased. The reasons for this are complex, but it’s partly because Telegram’s cryptocurrency, Toncoin, is closely tied to the app.
Some people buy Toncoin because they believe it will increase in value once Durov is released. Others think that the app’s popularity will grow as more people use it. The CEO of TON Society emphasized that TON is a separate entity from Telegram, and it can survive even if the app is shut down. However, the connection between Telegram and TON means that they are closely linked.
