Analysis: TON linked to Telegram may rebound after following BNB's lead
Due to the arrest of Telegram founder Pavel Durov, the price of TON pegged to Telegram fell by 25% at one point, but some technical and market factors in the market analysis suggest that TON may rebound significantly in the coming weeks. A similar situation has appeared on BNB. On April 30, CZ was sentenced in the United States. BNB fell by 13.5%. However, when the verdict was settled, BNB rose by nearly 35% from its low point and hit a high of nearly $700 on June 6.
A panic sell-off occurs when news of a legal dispute breaks, as traders rush to protect their investments from potential fallout. However, once the initial shock wears off, the market will reassess the situation more rationally, and the same psychological pattern could emerge on Toncoin. Pavel Durov's arrest could be seen as a major red flag, causing traders to exit their positions, causing the price to fall sharply. But if the market later sees the arrest as an isolated incident that will not fundamentally disrupt the Toncoin ecosystem, traders may start to see the drop as an opportunity for panic buying.