Date: Sun, August 25, 2024, 12:46 PM GMT
The much-anticipated listing of the viral Telegram memecoin, DOGS, is just hours away, set to debut on the world’s largest cryptocurrency exchange, Binance, tomorrow. However, the excitement surrounding this event has been overshadowed by a significant blow: Telegram founder Pavel Durov was arrested around 8 PM today as he disembarked from his private jet at Le Bourget airport.
Reports suggest that Durov’s arrest stems from an ongoing investigation into alleged criminal activities linked to the operations of Telegram. This sudden development has sent shockwaves through the crypto community, especially among those involved with Telegram-related tokens.
Market Impact on Telegram-Linked Tokens
In the wake of Durov’s arrest, top Telegram-associated tokens, including Ton and Not, have already experienced sharp declines. Ton has dropped by 16%, while Not has plummeted by 19% over the last 24 hours. This market reaction reflects growing uncertainty and concern among investors about Telegram related projects.
Impact on DOGS Price Prediction and Listing
Earlier, our Price Prediction for DOGS estimated that the token could list at around $0.0013 to $0.0015. However, with the arrest of Durov, the listing price could be little different. The news has dampened market sentiment, and it’s likely that many DOGS token holders may lean toward selling when the listing goes live, given the current uncertainty.
Despite this, the Telegram community has shown strong support for Durov, which could play a crucial role in stabilizing or even boosting DOGS’ performance. If the community rallies behind the token, DOGS might still perform well despite the recent events. All eyes will be on the listing tomorrow to see how the market responds to these developments.