$TON
While cryptocurrency markets continued to take hits over the weekend, one coin is actually gaining momentum. TON, which is associated with the Telegram messenger, increased by 24% after news that the app's founder and CEO Pavel Durov returned home to Dubai amid an ongoing investigation.
TON rose from $2.94 to $3.59 on Saturday following the news that the Russia-born founder was allowed to leave France, where he was held in custody and faced several charges related to failing to prevent illegal activities on the platform. The currency continued to rise on Monday, reaching $3.65 when Durov published a statement for the first time after returning home.
"As you probably heard, I returned to Dubai after several months in France due to an investigation related to criminal activities in Telegram," Durov wrote on Telegram. "The process is ongoing, I feel great at home."
