The Telegram username "@crypto" received a $25 million offer, and its price soared 70 times in two years.

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On July 30, Telegram CEO Pavel Durov stated in a Wednesday post that an early user of Telegram and Toncoin (TON) recently received an offer of $25 million to purchase the "@crypto" username on Telegram.


The username was initially purchased for $350,000 in 2023, and the username holder recently said: "If these cannot be taken away by others, I want to acquire all rare usernames." - a quote directly cited by Durov in his post.

All usernames on Telegram have been tokenized on the TON blockchain, which means each username is unique and non-replicable. According to Statista data, the most expensive usernames in 2024 are @news, which sold for as high as $5.8 million, and @auto, which sold for $5.2 million.

Durov wrote in his post: "Miracles happen when people can directly own their digital assets - just like this tokenized Telegram username, which has skyrocketed in value by 70 times." "Telegram users are true sovereign owners: no intermediaries, no forced confiscation, everything guaranteed by TON smart contracts."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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