Following Telegram founder Pavel Durov's arrest on August 24, 2024, activity on the TON network surged. Daily transactions hit a new record of over 10 million, a 160% increase since the arrest, while active addresses rose by 6%. Despite this spike in network activity, the TON token's price dropped by over 30%, with a sharp 20% decline shortly after the news, likely due to market conditions and the arrest's impact on investor confidence. Sources: The Block