#TON反弹

After the news that Telegram founder Pavel Durov's passport was retrieved by French authorities, Toncoin surged over 20%. The TON Association views this news as a victory for free speech, online privacy, and innovation, reinforcing the mission of the project.

Is this rebound a sign of long-term momentum for TON, or just a short-term reaction? Here is my analysis:

Regarding the price surge of Toncoin (TON) after the return of Telegram founder Pavel Durov's passport, a comprehensive analysis must consider the event background, market sentiment, and the fundamentals of the TON ecosystem.

First, the conclusion: short-term optimism coexists with long-term caution.

Short-term: The event-driven rebound may continue, but one must be vigilant about the risk of a pullback after the emotional tide recedes, especially since regulatory directions are not yet fully clear.

Long-term: The core opportunity for TON lies in the conversion efficiency of Telegram users to the crypto ecosystem and whether it can build irreplaceable application scenarios. If ecosystem developers continue to flock in and regulation does not deliver a fatal blow, long-term momentum is to be expected; otherwise, it may become a volatile asset dominated by narratives.