Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Crypto Analyst Says Big Ethereum Competitor Is on the Verge of a Massive Selloff – Here’s Why
ALTCOIN NEWS

Crypto Analyst Says Big Ethereum Competitor Is on the Verge of a Massive Selloff – Here’s Why

By Crypto FlexsSeptember 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Analyst Says Big Ethereum Competitor Is on the Verge of a Massive Selloff – Here’s Why
Share
Facebook Twitter LinkedIn Pinterest Email

A popular cryptocurrency analyst believes one of the major Ethereum (ETH) competitors could be on the verge of a massive sell-off.

Ali Martinez told her 72,400 followers on social media platform X that Toncoin (TON) could be in for a rough few weeks following a new announcement from messaging platform Telegram that it would be handing over user data to governments in certain circumstances.

Telegram originally developed Toncoin in 2018, but parted ways with the project in 2020 following a legal dispute with the U.S. Securities and Exchange Commission (SEC). The Open Network, an open-source community of developers, took over technical management that year.

However, TON can still be sent to 900 million users within the Telegram platform without having to enter a long wallet address.

Telegram founder and CEO Pavel Durov was arrested by French authorities last month on charges of failing to moderate content related to drugs, fraud and other criminal activity, a move that has been condemned by many prominent free speech advocates.

On Monday, Durov announced via Telegram that he would be updating the terms of service and privacy policy on his platform.

“We make it clear that the IP addresses and phone numbers of those who violate our regulations may be disclosed to the relevant authorities upon valid legal request.

These measures should deter criminals. Telegram Search is for finding friends and discovering news, not promoting illegal products. We will not allow malicious actors to threaten the integrity of our platform for nearly a billion users.”

Martinez said removing Telegram’s “most attractive feature” could lead to a sell-off of TON.

He also thinks that TON’s chart “could be following the path” of Celestia (TIA), a layer 1 modular blockchain that crashed from over $20 in February to under $4 this month.

Source: Ali Martinez/X

At the time of writing, TON is trading at $5.70. The 10th largest cryptocurrency asset by market cap is up about 1.5% over the last 24 hours.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025
Most Popular

GIGA rises 16% and pushes out

June 11, 2025

What is a pixel? Inside Ronin Farming Game and Ethereum Token Airdrop

February 19, 2024

Crypto Analyst Issues Solana Alert, Says SOL Prints Same Technical Pattern As Market Highs 2021

December 12, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.