After arrest On August 24, 2024, the activities of Telegram founder Pavel Durov were confirmed by French authorities. ton
+6.26%
The network has grown exponentially, with network transactions and active addresses increasing dramatically.
The TON network’s 7-day moving average (7DMA) of daily transactions has reached a new all-time high. The network hit an all-time high of 8.68 million transactions on August 31, surpassing the previous record of 8.56 million on January 17.
The number has continued to grow throughout the past week, reaching over 10 million transactions on Friday. That number is now up more than 160% since Durov’s arrest.
The 7-day moving average (7DMA) of the number of daily active addresses on the TON network also hit a record high. As of Friday, the TON network had confirmed approximately 701,800 active addresses, a 6% increase over the previous Friday.
However, unlike network activity, the price of the TON token itself did not react well to Pavel’s arrest. TON tokens fell by more than 30% following the incident.
While the overall poor market conditions may have contributed to this downturn, the impact of the arrests cannot be ignored, as the price of TON fell by about 20% in just three hours after the news broke.
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