Toncoin (TON) Surges as Telegram’s @crypto Username Commands $25M Bid Amid Blockchain Boom
Telegram CEO Pavel Durov disclosed a $25 million offer for the platform's highly sought-after @crypto username, reflecting a staggering 70x increase from its $350,000 purchase price in 2023. This highlights the speculative fervor surrounding tokenized digital assets on the TON blockchain, where usernames serve as non-fungible properties.
Toncoin (TON) has climbed 16% this month to $3.38, bolstered by a UAE golden visa initiative for holders. The blockchain's smart contracts facilitate what Durov terms "sovereign ownership"—eliminating intermediaries and confiscation risks. Earlier this year, @news and @auto handles fetched $5.8M and $5.2M respectively, solidifying TON's position as a premium namespace marketplace.