Tron Surpasses Toncoin as 10th Largest Cryptocurrency Amidst Arrest of Telegram CEO and Rise of Meme Coins

• TRON (TRX) surpasses Toncoin (TON) to become the 10th largest cryptocurrency by market cap.
• Pavel Durov, founder and CEO of Telegram, was arrested in France, causing a drop in TON's price.
• Telegram claims to abide by EU laws and improve content moderation. - Sundog (SUNDOG), a meme coin on Tron, sees a surge in market cap after launching on August 15.
• Tron's native coin, TRX, rises in price following the launch of SunPump, a platform for minting meme coins.
• Meme coins and tokens are highly volatile cryptocurrencies based on internet jokes and subcultures.

Summary :
Tron (TRX) has surpassed Toncoin (TON) to become the 10th largest cryptocurrency by market cap. This shift occurred after the arrest of Telegram CEO Pavel Durov and a surge in interest in meme coins on Tron. However, the competition between TRX and TON is close, with TRX's market cap currently at $14.31 billion and TON's at $14.23 billion. Durov's arrest came following complaints from the French government and others about Telegram's lack of content moderation and its use in illegal activities. Telegram has responded to the arrest, stating that it abides by EU laws and constantly improves its moderation practices. Additionally, Tron's flagship meme coin, Sundog (SUNDOG), has gained popularity since its launch on August 15, with its market cap reaching $126 million. TRX, the native coin of Tron, has experienced increased activity due to the launch of SunPump, a platform for minting meme coins. Meme coins and tokens are highly volatile cryptocurrencies based on internet jokes and subcultures.

Sources :

- Decrypt


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- Telegram CEO Arrested in France on Charges Related to Alleged Illegal Conduct