Toncoin TON Ecosystem Thrives as Telegram’s @crypto Username Draws $25M Bid

A $25 million offer has been made for Telegram's @crypto username, marking a 70x increase from its 2023 acquisition price of $350,000. Telegram CEO Pavel Durov highlighted the surge as evidence of the value created by tokenizing usernames on the TON blockchain, where ownership is secured by smart contracts without intermediaries.

The TON ecosystem continues gaining momentum, with Toncoin's price rising 16% this month to $3.38. This uptick follows news of a UAE golden visa program for TON holders, further cementing the blockchain's real-world utility.

High-value username sales aren't new in Telegram's tokenized marketplace—@news previously sold for $5.8 million and @auto for $5.2 million. "When people have direct ownership of their digital assets, magic happens," Durov remarked, underscoring the platform's commitment to user sovereignty.