Telegram Reportedly Sold $450 Million Worth of Toncoin: Did This Impact TON Price?
Telegram reportedly sold $450 million in Toncoin, leading critics to blame the sale for TON's price drop, though defenders cite vesting and ecosystem balance.Summary
A Financial Times report alleged that Telegram sold over $450 million worth of Toncoin (TON) in 2025, coinciding with TON falling significantly from its peaks. Critics argue this sale, potentially to fund corporate operations, negatively impacted the price, with some investors noting the sale was equivalent to about 10% of TON's circulating market cap. Conversely, defenders, including Manuel Stotz of TON Strategy Co, clarified that all sold TON is subject to a four-year vesting period, and TON Strategy Co is a major buyer accumulating and staking the asset. Another contributor suggested Telegram sells to balance the ecosystem and prevent excessive accumulation, which hinders decentralization. Telegram CEO Pavel Durov also denied claims that the company has financial exposure to Russian capital via frozen bonds.
(Source：BeInCrypto)