Toncoin soars after France returns Telegram founder’s passport

• Toncoin
  price
  surged
  more
  than
  18%
  after
  Telegram
  founder
  Pavel
  Durov
  got
  approval
  to
  leave
  France.
• As
  the
  Telegram
  and
  Toncoin
  community
  celebrated,
  TON
  price
  rose
  to
  highs
  of
  $3.48.

Toncoin
(TON)
price
rose
sharply
after
Telegram
founder
Pavel
Durov,
who
has
been
under
judicial
scrutiny
in
France,
reportedly
received
permission
to
leave
the
country.

At
the
time
of
writing,
TON,
the
native
token
of
The
Open
Network,
was
up
18%
at
$3.48.
The
token
traded
as
one
of
the
top
gainers
in
the
past
24
hours,
with
daily
volume
rising
216%
to
over
$514
million.

Durov’s
latest
legal-related
news
largely
contributed
to
this
scenario.

Telegram
founder
Durov
allowed
to
travel
to
Dubai

Durov,
indicted
in
Paris
for
complicity
in
criminal
activities
linked
to
his
encrypted
messaging
platform,
left
Le
Bourget
Airport
near
Paris
on
Saturday.
According
to
sources
cited
by
a

local
news
outlet,
authorities
had
returned
Durov’s
passport.

The
TON
Foundation
also
confirmed
the
development,
with
permission
granting
Durov’s
freedom
to
leave
at
his
discretion.

Here’s
what
TON
Foundation

wrote
on
X:

“TON
Foundation
is
delighted
to
learn
that
Pavel
Durov’s
passport
has
been
returned
to
him
by
French
authorities,
granting
him
the
freedom
to
leave
the
country
at
his
discretion.”

Per
the
reports,
the
investigating
judge
overseeing
Durov’s
case
accepted
the
request
to
modify
the
Telegram
founder’s 
judicial
supervision.
The
court
authorised
Durov
to
exit
France
for
“several
weeks.”

Durov’s
departure
to
Dubai,
where
Telegram
is
headquartered,
follows
months
of

stringent
judicial
oversight.
This 
includes
a
5-million-euro
bail,
bi-weekly
police
check-ins,
and
a
ban
on
leaving
French
territory.
The
Telegram
founder
has
been
in
France
since
his

arrest
in
August
2024.

The
charges
against
him
stem
from
allegations
that
Telegram
has
been
used
to
facilitate
organized
crime,
a
claim
Durov
has
contested,
promising
to
enhance
the
platform’s
moderation
efforts.

TON’s
upside
comes
after
a
broader
market
dip
that
saw
Bitcoin
(BTC)
break
under
$80k.
The
top
crypto
trades
above
$84k
though.
The
Toncoin
price
is
seeing
volatility
similar
to
what
happened
in
August
when
French
authorities
apprehended
Durove.

While
the
altcoin
remains
well
below
the
all-time
high
of
$8.20
reached
in
June
2024,
the
nearly
20%
uptick
is
great
news
for
investors.

However,
Durov
is
still
expected
to
return
to
France
after
several
weeks.
In
this
case,
the
altcoin
may
experience
notable
volatility.
Traders
may
need
to
be
keen
on
overall
crypto
market
conditions.