Telegram Troubles: The Ripple Effects on TON

• Telegram was accused of allegedly facilitating 12 criminal violations.

• Toncoin, the Telegram-associated token, plunged by ~25% immediately after the news. • Telegram’s sticky user base and network effects are the biggest catalysts for TON.

• Telegram is likely to persist despite its setbacks, similar to other social media platforms.

Pavel Durov, the founder.