Toncoin (TON) Open Interest (OI) surged 67% in the past 24 hours, following reports that Telegram founder Pavel Durov has left France, where he had been required to stay since his August 2024 arrest.
According to CoinGlass data, Toncoin OI hit $169 million on March 15, marking its highest level since Feb. 1, when it stood at $171.49 million.
đš Toncoin price jumped 17%, now trading at $3.45, per CoinMarketCap
đš TONâs derivatives market is heating up, as traders react to news of Durovâs reported exit
đš The Open Network (TON) remains Telegramâs exclusive blockchain infrastructure
Toncoinâs Market Reaction & Potential Liquidations
Crypto analysts suggest TON is entering an accumulation phase.
âToncoin is showing signs of a potential long-term accumulation phase as it stabilizes near key support levels,â wrote Crypto Billion on X (formerly Twitter).
However, if TONâs rally is short-lived, a drop back to $3 could trigger $18.8 million in long liquidations.
Durovâs Legal Battle & Toncoinâs Previous Surge
Durov was arrested in France in August 2024, accused of operating a platform enabling illicit transactions.
đš TONâs OI surged 32% following his arrest, while its price fell 12%
đš Reports suggest Durov has now traveled to Dubai, which has no extradition agreement with many countries
đš His case has raised concerns about a broader crackdown on privacy-focused services

Telegramâs Growing Commitment to TON
In January 2025, Telegram announced it would exclusively support The Open Network (TON) for its messenger services, further solidifying TONâs role in the platformâs crypto ecosystem.
With Durovâs departure from France, the market is closely watching whether Toncoinâs rally will sustain or face a correction.