Resistance Dog meme coin grew by 140% on the hype of Pavel Durov’s arrest

The developers of TON used the avatar of the Resistance Dog (REDO) meme coin to express support for Pavel Durov, the founder of Telegram, after his detention in France. This led to a sharp increase in the token’s value by 140%, The Blockreports.

At the time of writing, REDO is down 15.2% daily and is trading at $ 0.64 with a market capitalization of $ 64.8 million.

Pavel Durov was detained at the Paris airport on suspicion of inadequate regulation of Telegram to prevent the use of the platform for criminal purposes. The event caused a wave of support from the crypto community, including the developers of TON $1.89 Tokamak Network -1.25% Market capitalization $94.69 million VOL. 24 hours $39.01 million .

As a reminder, yesterday it became known that the Toncoin cryptocurrency associated with The Open Network (TON) suffered a significant drop — the token lost more than 20% after reports of Pavel Durov’s detention at the Paris airport. Durov is suspected of failing to take measures to prevent the criminal use of Telegram.