#Toncoin #Open #Interest #Surges 32% #Following #Pavel #Durov’s #Arrest #News #BreakingNews #Now

Toncoin (TON), the native cryptocurrency of The Open Network, experienced a dramatic shift in market dynamics following the arrest of Telegram CEO Pavel Durov. On August 24, Durov was detained at the Bourget airport outside Paris, reportedly facing charges of terrorism, trafficking, conspiracy, fraud, and money laundering. The news sent shockwaves through the market, leading to a sharp decline in Toncoin’s price, which dropped % to $, according to CoinMarketCap. However, this sudden downturn created an opportunity for futures traders, as Toncoin Open Interest (OI) surged by 32% to reach $ million, per CoinGlass data. OI represents the total number of unsettled derivative contracts, such as futures or options, and a spike in OI typically signals heightened trader activity and confidence in predicting the asset’s price movement. In this case, many traders appear to be betting on further declines in TON’s value, with pseudonymous crypto trader Daan Crypto Trades suggest