It's a popular blockchain network and the coin has also been doing pretty well in the market in terms of price momentum but looks like today is not a good day for this coin. Telegram founder has been arrested and this is hot news in social media as of now. French authorities are not liking the approach Telegram has and they want this application to be centralised and censored which the founder did not agree and because of that the authorities have arrested the Telegram messaging app founder.
People are discussing this topic on social media and they are not appreciating it because they believe that censorship is not something that can be forced on any platform and it is the time when we should stay away from centralization. Telegram is a popular application available worldwide and there is no censorship which is why the user base is big but if somehow this is implemented in the app then people will move away and this is what the discussion has been happening about it.
French authorities link Durov with crimes facilitated through Telegram's lack of moderation.
After the arrest, the price for the ton coin dropped by almost 18% but I believe that it will recover faster because the price is going back to $6 and it is also the result of a bigger community. Community is a very important part of any project and undoubtedly this application has got such a big community worldwide and they are criticising these actions done by the French authorities. Even the X CEO LN Musk has talked about it and he has not appreciated the act instead he is supporting the Telegram founder Durov.
Pavel Durov's arrest in France led to an 18% drop in Toncoin's value.
I was keeping an eye on the token tries and I think today was a good day so I did buy some quantity today and the price was less than $6 which I think is a good price point to buy and I did some. I always buy in parts so today also I made the purchase in parts and I will wait to see if there is another opportunity to buy and if not then I'm happy that at least I got something a discount.
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Upvoted! Thank you for supporting witness @jswit.
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This is really bad news for crypto world as well as freedom of speech.
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