Pavel Durov Arrest What Will Happen to TON
How TON Holders Reacted to Pavel Durov's Arrest
In the initial hours following the news of this event, the market reacted with a significant drop in the token's value. Given that Pavel Durov plays a key role in the management and strategic development of TON, the freezing of his assets could lead to a temporary weakening of the project's market position. Retail investors were the main contributors to this reaction, as they began to sell off their assets en masse, fearing further price declines and uncertainty surrounding the project's future.
The sell-off among retail investors led to a sharp increase in the supply of tokens on the market, which further exacerbated the decline in their value. While major holders are taking a wait-and-see approach for now, many smaller investors chose to lock in their losses to minimize potential risks.
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One of the most notable actions was taken by the founder of DWF, who purchased TON tokens worth approximately $500,000 on the open market. He stated his intention to hold these assets on-chain until Pavel Durov is released.
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Zhu Su, the founder of 3AC: Another major player, the founder of Three Arrows Capital (3AC), Zhu Su, publicly announced the acquisition of TON tokens at a price of $5.8 per unit.
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Memeland treasury funds were used to purchase TON worth $1 million. Memeland representatives also expressed their support, stating that they plan to hold these assets until Durov is released.
But what about market makers and funds?
