Toncoin (TON) has experienced a significant surge recently, driven by notable developments:
Price Surge: Since reaching a low of $2.36 on March 11, 2025, TON has rebounded by approximately 44%, currently trading around $3.50. This recovery is attributed to technical factors and positive market sentiment.
Pavel Durov's Release: Telegram founder Pavel Durov, detained in France since August 2024 over allegations related to illegal activities on the platform, was granted permission to leave the country on March 13, 2025. This development has positively impacted Toncoin's market performance.
Market Indicators: Following Durov's release, Toncoin's open interest (OI) jumped 67% on March 15, 2025, hitting $169 million, indicating increased trading activity and investor interest.
Analyst Perspectives: Some analysts caution that despite the recent surge, Toncoin's price may face challenges sustaining its upward momentum due to underlying market factors.
In summary, Toncoin's recent performance has been influenced by both technical market factors and significant events concerning key figures associated with the platform.
