An early Telegram and toncoin (TON) consumer obtained a $25 million supply for the instant-messaging app’s @crypto username on Wednesday, Telegram CEO Pavel Durov stated in a submit on the messaging system.
The username was acquired for simply $350,000 in 2023 and the holder of the username lately stated: “If these can’t be taken away from me, I would like all of them,” in accordance with Durov’s post.
All Telegram usernames are tokenized on the TON blockchain, that means that every username is exclusive and cannot be replicated.
In 2024 the costliest username was @information, which bought for $5.8 million, whereas @auto bought for $5.2 million, in accordance with Statista.
“When folks have direct possession of their digital property, magic occurs — like this tokenized Telegram deal with hovering 70x in worth,” Durov continued in his submit. “Telegram customers are sovereign house owners: no middlemen, no confiscation, all secured by TON good contracts.”
Toncoin has loved a stable month when it comes to worth motion, rising by 16% to $3.38, partly because of an early month surge on the again of a deal to supply TON holders a golden visa in the UAE.