The arrest of Pavel Durov prompted a significant sell-off, leading to the movement of 240,000 TON to exchanges. This reflects investor apprehension about Toncoin’s price trajectory, dropping substantially after the news. Nonetheless, recent shifts in Open Interest suggest a possibility for price recovery.
Toncoin is nearing a critical support level at 4.80 USD, which historically has resulted in recovery. Additionally, over the last four months, the number of addresses on the Toncoin network surged by 32%, indicating heightened activity and investor interest in the cryptocurrency.
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