The price of TRON's native token, TRX, declined following reports that Russian authorities have initiated a criminal investigation into Telegram founder and CEO Pavel Durov. According to state media outlet Rossiyskaya Gazeta, Russia's Federal Security Service (FSB) opened a case tied to allegations that Telegram facilitated terrorist activity by failing to remove over 155,000 flagged channels and bots.
TRX price traded at $0.2805, down 2.22% over 24 hours, as the news prompted traders to reassess exposure to tokens associated with the Telegram ecosystem. Kremlin spokesman Dmitry Peskov confirmed the probe originated from FSB materials, accelerating selling pressure during the European trading session. While TRON operates independently from Telegram, investor perception links the networks due to historical collaborations for token distribution and messaging-based utilities.
Technical analysis indicates the TRX price broke below a near-term ascending trendline, with momentum indicators turning lower. The token is now testing a horizontal support zone, with volume expanding during the initial drop—suggesting reactive selling. On-chain metrics, however, showed stable network activity and wallet growth, implying the move was sentiment-driven rather than a sign of structural weakness.
The situation adds to existing international scrutiny around Durov, following a French inquiry that led to his arrest in August 2024; a travel ban was lifted in November 2025, but the investigation remains active. Meanwhile, separate analysis highlights concerning technical and on-chain signals for TRX. The token faces a major supply wall between $0.3339 and $0.3500, having failed to break through since Q3 2025. A slip below the long-term ascending channel support could open a path toward $0.2215, with a potential 50% correction to $0.1354.
Network utility, a key driver of TRX's previous rally, is also under watch. Active addresses on the TRON network peaked at 5.60 million in February but have since dipped to 4.74 million. A decisive break below the 4 million level could signal declining utility and reduced stablecoin transfer activity, potentially applying further downward pressure on price.
