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Ton, along with various privacy coins, are experiencing a surge.
Privacy coins focus on "laundering" on-chain assets, while TON aims to hide on-chain identities and communication freedom.
The most recent key catalyst is Telegram founder Pavel Durov announcing full control over TON's development and becoming its largest validator.
This is not only seen by the market as a strong endorsement but also, due to Durov's long-standing tough battles with regulatory agencies in France and other regions, giving TON the aura of a "privacy warrior."