Toncoin Price Could Hit ATH as TON Whales Speculate Pavel Durov's Prison Release

Toncoin price took a huge hit on August 24 after the arrest of Telegram creator Pavel Durov at an airport in France. TON price dropped 27% to $5 and is still struggling to rise back. As a result, Toncoin has fallen out of the top 10 rankings and is now competing for the 11th position, with Cardano price, which is eyeing $1, closely trailing behind. Meanwhile, TON whales exhibited an interesting behavior as they have been accumulating the asset in large amounts. Could they be anticipating Pavel’s release, which may be a huge catalyst for the TON price?