Following Telegram CEO Pavel Durov’s detention in France, the price of Toncoin (TON) fell by over 20%, losing roughly $2.7 billion in market value.
As Toncoin investors suffer losses amid this sudden price crash, a new crypto ETF trading platform, ETFSwap (ETFS), is gaining traction as a safer avenue for these investors to yield substantial investment returns and potentially recoup their losses.
How Pavel Durov’s Arrest Triggered Toncoin (TON) Plunge
Telegram’s co-founder and CEO, Pavel Durov, was detained in France on Saturday on suspicion of failing to prevent criminal use of the messaging app. Pavel Durov’s detention affected Toncoin (TON), the token of The Open Network (TON) blockchain linked to Telegram, as its value plummeted over 20%, losing $2.7 billion in market capitalization.
Although TON claims to be separate from Telegram, the close association between the two entities has made Toncoin (TON) vulnerable to Telegram’s misfortunes. The token’s price, which had more than tripled in the past year, now faces uncertainty as Toncoin (TON) investors deal with the potential long-term implications of Pavel Durov’s detention.
Similarly, data from DefiLlama shows that Pavel Durov’s detention has had an impact on the total value locked (TVL) in the TON blockchain, which has declined to $312.26m from its $1.1 billion peak in July.
At the time of this writing, Toncoin (TON) has a market value of $13.9 billion, according to CoinMarketCap.
ETFSwap (ETFS) Offers A Safe 1000X Investment Opportunity Amid Toincoin’s Price Crash
As Toncoin (TON) investors search for ways to recover their losses, ETFSwap (ETFS), a platform that allows users to trade and invest in tokenized cryptocurrency ETFs presents a promising alternative. This platform merges traditional and decentralized finance by collaborating with MiCA-compliant investment banks to provide a secure ecosystem that backs the ETFs with real-world securities.
ETFSwap’s features are designed to maximize investors’ earning potential and profits. For example, as they trade ETFs on the platform, investors can amplify their potential profits with up to 10x leverage on all trades and 50x on futures options through its market-making and perpetual trading capabilities.
The customizable trading strategy and 24/7 risk management features allow these traders to monitor and adjust their positions at any time, optimizing returns and managing risks in response to market conditions.
The platform also has an AI ETF Screener and Tracker tool that analyzes current and historical market data to provide reliable, data-driven recommendations on potentially profitable investment opportunities. Therefore, ETFSwap (ETFS) investors can swiftly capitalize on these opportunities before they become mainstream and the larger market catches on.
Early investors who purchase and hold the platform’s native ETFS token are set to enjoy exclusive benefits such as discounted trading fees, priority access to new ETF listings, and a steady passive income stream from earning 87% APR as a staking reward.
In addition, analysts have predicted the ETFS tokens could achieve a 1000X move. This prediction is due to the institutional attention expected to follow the launch of the Solana and Ripple ETFs, as well as ETFSwap’s plan to launch its own ETF in 2025 and dominate the crypto-ETF revolution.
As a result, investors have been FOMO-ing hard on the platform’s ongoing presale, and the numbers have surged even further as investors seek a stable and potentially lucrative alternative following Pavel Durov’s detention and Toncoin’s sudden price crash.
Currently, the ETFS tokens are available at a discounted rate of $0.01831, and early investors will enjoy a 100% ROI when the price jumps to $0.03846 in a few days.
To put potential security concerns to rest, ETFSwap’s smart contracts have undergone a comprehensive security audit by Cyberscope, a leading crypto audit platform, and obtained an audit badge that signifies its robust security measures. Following this, the team got KYC verified by SolidProof, adding another layer of trust and credibility to the project.
Toncoin (TON) Crash Causing Panic? Join The ETFSwap (ETFS) Presale Now!
ETFSwap (ETFS) has announced plans to launch its beta version in less than 30 days, so the presale is in its final moments, and tokens are selling out fast. Only the early birds who secure their positions at the current discounted rate will enjoy an immediate 100% ROI when the price rises to $0.03846 and potential 1000X gains when the platform launches.
