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The crash of the TON and NOT cryptocurrencies is related to the arrest of Telegram CEO Pavel Durov. This situation has generated great uncertainty in the market, negatively affecting the value of these cryptocurrencies.
Context of TON and NOT
- TON (The Open Network) is a blockchain project originally started by Telegram, which sought to create a decentralized infrastructure for various applications. Although Telegram officially withdrew from the project after a legal battle with the SEC, TON continued to be developed by the community.
- NOT is a lesser-known cryptocurrency, but its relationship with the Telegram ecosystem has caused its value to be affected by the same context.
Impact of the Arrest
Durov's arrest has sparked fears about the future of Telegram's initiatives, including those related to blockchain. Although Telegram is no longer officially linked to TON, the market still perceives a connection between the company's fortunes and the cryptocurrency's success, which has caused a sell-off and, consequently, price decline.
This situation highlights how events related to key figures can drastically influence cryptocurrency markets, especially those with a public perception closely tied to their leadership.
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