an article says that when the boss of telegram, a messaging app, got arrested, the price of a special kind of coin called toncoin went down a lot. this happened because the toncoin is related to telegram and people got worried when the boss got in trouble. Read from source...
The arrest of Telegram CEO Pavel Durov triggered a 14% drop in Toncoin ETP. The reason behind this drop is that Toncoin is Telegram's native cryptocurrency, which implies that Durov's arrest had a direct impact on Toncoin's value. The article also mentions that Toncoin's value dropped by over 19% following Durov's arrest, and it provides statistics on the decline in Toncoin's value. The article further discusses how the Toncoin ETP is linked to Telegram and how 21Shares, the company that manages the ETP, has marked a significant milestone with Toncoin surpassing $100 million in assets under management. Lastly, the article explains the significance of Toncoin and its potential in the decentralized layer 1 proof-of-stake blockchain, backed by Telegram.
neutral
Reasoning: While the article shares news about the negative impact of Pavel Durov's arrest on Toncoin ETP, it does not show a strong positive or negative sentiment towards the subject matter. The focus is more on providing factual information about the event and its impact on the cryptocurrency market.