Toncoin Takes Off: Telegram’s Bond Sale Sparks a Crypto Party! 🎉

by

Well, well, well! It seems Toncoin (TON) has decided to throw a little party, jumping a whopping 15% in just 24 hours! 🎈 I mean, who knew a token could be so dramatic? It’s now strutting its stuff at $3.43, with a market cap that’s practically begging for attention at $8.55 billion. 💸

And what’s the reason for this sudden burst of enthusiasm? Oh, just a casual 195.45% increase in trading volume, which has now reached a staggering $419.3 million. No biggie! 🙄

This little price dance coincides with Telegram’s latest escapade: a $1.5 billion bond sale. Yes, you heard that right! Meanwhile, their CEO, Pavel Durov, is busy playing hide and seek in France, facing some rather inconvenient legal troubles. Talk about multitasking! 😅

Despite the legal drama, Telegram is still managing to charm investors, with big names like BlackRock and Abu Dhabi’s Mubadala backing the bond. And let’s not forget the hedge-fund firm Citadel, who’s probably just here for the free snacks. 🍿

Now, if you’re wondering about the bond sale, investors can convert their holdings into Telegram equity if the company ever decides to go public. But let’s be real, with Durov’s legal issues, an IPO is about as likely as me winning the lottery. 🎰

Speaking of Durov, he’s currently on bail but can’t leave France without a permission slip. His request to visit the U.S. for investor talks was turned down faster than a bad date. French prosecutors were like, “Sorry, not compelling enough!” Ouch! 😬

Meanwhile, the TON Foundation is making moves of its own by hiring former Visa executive Nikola Plecas as their VP of Payments. Because who doesn’t want a payments guru on their team? 💪

🚨Big move in Web3 payments: TON Blockchain just named @nikola_plecas as VP of Payments!

He’s not just any hire. Nikola helped shape Visa’s global crypto strategy. Now he’s bringing that expertise to TON to scale payments for Telegram’s 1B+ users.

He’ll focus on:
⚙️…

— TON 💎 (@ton_blockchain) May 28, 2025

Plecas is on a mission to lead the global payments strategy, focusing on partnerships and compliance. No pressure, right? 😅

“Joining TON Foundation represents an incredible opportunity to shape the future of payments on a truly global scale,” Plecas said. “With over a billion users in Telegram and a rapidly evolving wave of innovation taking place on TON, my mission is to unlock seamless, secure, and scalable payment experiences that power the next generation of apps and services.” Sounds fancy! 🥳

With Telegram’s aggressive financial strategy and a user base that’s growing faster than my laundry pile, it looks like Toncoin is on a bullish path. Investors are definitely taking note, and who wouldn’t want a piece of this action? 💃

Read More

2025-05-28 15:35