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Since the news of Pavel Durov's arrest was exposed on the news channel, TON started to free fall. Overall, the price has dropped about 25%.
Recently, the price found support at the $5 level, which also served as a strong support during the crash in early August.
However, it is still unclear whether we will see a Rebound similar to August (pump 40% within 10 days). Of course, there is a high possibility of market overreaction, and we will soon see relief.
On the other hand, the impact of Durov's arrest on Telegram and TON is still uncertain. Therefore, with only some Unfavourable Information messages, TON may drop again.
My opinion is that the risk of investing and trading TON is too high. It is best to wait and see for now.
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