TON Token Surges 20% as Telegram Founder Recovers Passport From French Authorities

The value of TON has surged greater than 20% over the past 24 hours to now commerce above $3.45 and have a $8.14 billion market capitalization after French authorities returned Telegram founder Pavel Durov’s passport.

The transfer restores Durov’s capability to journey freely and marks the tip of a scenario that had drawn considerations from privateness and free speech advocates. Durov, who co-founded Telegram, a messaging platform with almost a billion customers, has lengthy been an outspoken advocate for privateness and safe communication.

Read extra: TON Down 14% as Telegram CEO Pavel Durov Arrested in France

The TON Foundation, which helps the Telegram Open Network (TON), celebrated the second on social media. “As a part of the decentralized TON group, we now have stood in solidarity with Pavel, supporting his unwavering dedication to defending the correct to free speech and privateness on-line.“

TON has additionally benefited from new options launched to the Wallet app on Telegram, which embody a number of property, a yield program, an up to date person interface, and extra.

Read extra: Telegram’s Pivot to TON Payments for Ads Boosts Toncoin