Toncoin (TON) Holders Panic After Founder Pavel Durov's Arrest, While Binance (BNB) Faces Short-Term Pressure Before Rally

Toncoin, the digital currency of The Open Network (TON), saw a significant crash recently after the Founder Pavel Durov was arrested at the Bourget Airport

Toncoin (TON) price crashed recently after news broke of co-founder Pavel Durov being arrested at a private airport in France. Prosecutors charged Durov with money laundering, terrorism, and conspiracy to fraud.

Following the news, panic spread throughout the Telegram community, leading to a massive sell-off of TON. The price plummeted to a low of $5.53 before recovering slightly to reach $5.71 at the time of writing.

The drastic price drop was fueled by concerns over the severity of the charges against Durov and their potential impact on the future of The Open Network (TON) project. However, traders are advised to exercise caution when considering bearish positions on TON, as his immediate release could trigger a substantial short squeeze.

Meanwhile, Binance Coin (BNB) price faced short-term pressure with another pullback. While the community awaits the resolution of legal concerns, investors are redirecting their attention to promising initiatives such as IntelMarkets (INTL).

Toncoin Open Interest Hits Record Levels

According to data from Coinglass, the open interest in Toncoin (TON) reached astronomical heights as traders bet on a swift comeback for the project. At the time of writing, open interest in TON amounted to a staggering $305 million.

This surge in trading activity highlighted the traders’ keen response to the ongoing situation surrounding Toncoin. As traders continue to anticipate a positive resolution, substantial liquidity is building up on both sides of the market.

Binance (BNB) Faces Short-Term Pressure Before Rally

Initially launched as a utility token for Binance, BNB price serves as a way for investors to share profits with Binance and get discounted trading fees and other perks. However, BNB is currently facing short-term pressure with another pullback.

This increased pressure is also supported by legal concerns, with investors blaming the exchange for a lack of accountability on potential transfers from fraudulent transactions. But despite the short-term pressure and concerns, the future seems bright for Binance.

With trouble threatening the future of these two leading crypto projects, investors are now exploring other exciting options like IntelMarkets (INTL).

Trading Platform IntelMarkets (INTL) Gets Nvidia Boost

In the decentralized world, we actively see new projects emerging with superior technological concepts. One project that’s quickly capturing the crypto world’s attention is artificial intelligence powerhouse IntelMarkets (INTL). Despite being just days into its launch, the platform has already garnered interest from thousands of traders.

Among the platform’s most notable features is the Intell-M multi-channel analysis, which aggregates data feeds and enables users to trade from a single, unified interface. Moreover, the trading bots available on the platform assist investors with tasks such as allocations, risk management, and position sizing.

After rumors surfaced of a collaboration with GPU-giant Nvidia, analysts are calling the exchange a potential “dark horse” in the crypto world. The platform is set to further enhance its computing infrastructure with cutting-edge technology to empower traders.

With a limited supply of 10 billion tokens, IntelMarkets (INTL) is offering attractive entry points for early investors. Currently, the token is priced at an optimal $0.009 during the presale stage. In the next round, the price will increase to $0.018, presenting a potential gain of up to 200% for early adopters.

The tokens are now available for purchase in the public presale. Don't miss out on this opportunity to be a part of the next-generation trading revolution.

Discover More About Intel Markets:

Presale: intelmarketspresale.com/

Buy Presale: buy.intelmarketspresale.com/

Telegram: t.me/IntelMarketsOfficial

Twitter: x.com/intel_markets

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