{"id":137986,"date":"2024-09-26T20:30:35","date_gmt":"2024-09-26T17:30:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137986"},"modified":"2024-09-26T17:50:07","modified_gmt":"2024-09-26T14:50:07","slug":"toncoin-faces-major-sell-off-risks-here-is-why","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/toncoin-faces-major-sell-off-risks-here-is-why\/","title":{"rendered":"Toncoin Faces Major Sell-Off Risks &#8211; Here is Why"},"content":{"rendered":"<p>Ali Martinez <strong><a href=\"https:\/\/x.com\/ali_charts\/status\/1838584024131838141\" rel=\"nofollow\">shared<\/a><\/strong> that concerns are growing following Telegram\u2019s recent announcement to share user data with authorities under specific circumstances.<\/p>\n<p>Originally developed by Telegram in 2018, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/toncoin\/\">Toncoin<\/a><\/strong> was abandoned by the platform in 2020 after legal challenges with the U.S. Securities and Exchange Commission (SEC), with management later taken over by an open-source community of developers. Despite this separation, Toncoin remains accessible to Telegram\u2019s 900 million users for transactions within the app, bypassing the need for lengthy wallet addresses.<\/p>\n<p>Recently, Telegram\u2019s founder, Pavel Durov, was detained by French authorities for allegedly failing to regulate content related to drugs, fraud, and other illicit activities.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137963\" href=\"https:\/\/cryptodnes.bg\/en\/justin-sun-moves-millions-in-tusd-a-signal-of-market-turbulence\/\" title=\"Justin Sun Moves Millions in TUSD: A Signal of Market Turbulence?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-poloniex-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Justin Sun Moves Millions in TUSD: A Signal of Market Turbulence?<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In response, Durov <strong><a href=\"https:\/\/t.me\/durov\/342\" rel=\"nofollow\">announced<\/a><\/strong> updates to the platform\u2019s terms of service and privacy policy, stating that user IP addresses and phone numbers could be shared with relevant authorities upon valid legal requests. He emphasized that the platform should not be misused for illegal activities and is intended for connecting friends and sharing news.<\/p>\n<p>Martinez suggests that the potential loss of what he describes as Telegram\u2019s \u201cmost appealing feature\u201d could trigger a decline in Toncoin\u2019s value. He also noted that Toncoin\u2019s price movement might be mirroring that of Celestia (TIA), a Layer-1 modular blockchain that has plummeted from over $20 in February to below $4 recently.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent cryptocurrency analyst warns that Toncoin (TON), a notable competitor to Ethereum (ETH), may face significant selling pressure soon.<\/p>\n","protected":false},"author":3,"featured_media":108115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[108],"coin_category":[],"class_list":["post-137986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Toncoin Faces Major 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