Cryptocurrencies associated with social messaging giant Telegram rallied sharply after founder Pavel Durov issued his first public statement since his controversial arrest in France last month.

What happened: Toncoin, the native token of The Open Network (TON), jumped more than 5% in the last 24 hours, with its trading volume rising by 16.18%.

Toncoin, developed by Pavel Durov and his brother Nikolai, is deeply integrated into the Telegram app and used for paying rewards to creators and developers and buying Telegram ads.

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