The messaging app Telegram sold approximately 450 million dollars in Toncoin (TON) throughout the year 2025. According to recent Financial Times reports, this crypto-asset selling strategy has sparked intense debates about the ecosystem’s stability.
This fact was confirmed following the sharp plunge of the asset, which has fallen over 65% from its highs. Telegram sold approximately 450 million dollars in Toncoin during last year. This crypto-asset selling strategy has sparked intense debates in the community.
Analysts point out that the volume sold equals ten percent of the coin’s circulating market capitalization. Nonetheless, company defenders argue that these sales are necessary to fund corporate operations and infrastructure.
On the other hand, figures like Manuel Stotz clarified that all sold capital is subject to a four-year vesting period. Volume sold equals ten percent of the coin’s total market cap. Sales are necessary to fund corporate operations and maintain the platform.
Likewise, it was revealed that a large portion of these assets was acquired by TON Strategy Co for long-term holding. However, the firm is currently facing million-dollar losses due to the constant depreciation of TON’s market value. Large portion of these assets was acquired by professional investment vehicles. The firm is currently facing million-dollar losses due to the market.
Pavel Durov defends the economic independence of his platform against markets
On the other hand, Telegram CEO Pavel Durov denied any financial dependence on Russian capital following rumors of frozen bonds. The executive maintains that the TON network remains the economic backbone of his globally used messaging application.
Therefore, the crypto-asset selling strategy aims to balance holdings to prevent excessive token centralization within the firm. Durov denied any financial dependence on Russian capital in a statement. The crypto-asset selling strategy aims to balance holdings for the network.
In this way, revenue from ads, usernames, and Premium subscriptions is settled directly through this criptocurrencies. Furthermore, network supporters claim that selling to buyers with lock-up periods is healthier than massive internal accumulation.
However, retail investors show distrust toward the constant selling pressure exerted by the parent organization over several months. Revenue from ads and subscriptions is settled directly using the token. Selling to buyers with lock-up periods is healthier for the ecosystem.
Will Toncoin manage to regain investor confidence after Telegram’s massive sales?
Despite the criticism, the company ensures that sales are controlled to avoid flooding the open market at once. For which reason, the price’s future will depend on whether organic demand can absorb the supply distributed by the company. Sales are controlled to avoid flooding the open market suddenly. The price’s future will depend on whether organic demand is enough.
Finally, the community watches cautiously to see if TON can decouple from financial news affecting Telegram directly. Therefore, the year 2026 will be decisive in determining if the network achieves true operational and economic decentralization. TON can decouple from financial news affecting Telegram in the future. The year 2026 will be decisive in determining if TON recovers.
