#TONRally and Toncoin (TON) Explained
1. #TONRally Meaning
A hashtag used in the crypto community to highlight Toncoin’s price surge.
Often linked to major events affecting Toncoin (TON) and The Open Network (TON).
2. Key Reason for the Latest Rally
Telegram founder Pavel Durov was detained in France in August 2024.
This led to a 35% drop in Toncoin’s price, from $6.88 to $4.44.
On March 15, 2025, Durov recovered his passport and left France.
This boosted market confidence, leading to a 20% price surge.
3. Toncoin’s Role in The Open Network (TON)
TON is a decentralized blockchain originally developed by Telegram.
Toncoin (TON) is its native cryptocurrency.
Used for transactions, staking, and decentralized applications.
4. Current Market Status (as of March 17, 2025)
Price: Around $3.46 after the recent rally.
Market Cap: Approximately $8.14 billion.
Ranking: 14th largest cryptocurrency globally.
5. Why #TONRally Matters
Highlights Toncoin’s price movements.
Shows how Telegram and Pavel Durov influence the market.
Affects investor confidence and trading activity.
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#TONRally