- Toncoin surged more than 38% on Monday after Pavel Durov hints at Telegram IPO, signalling investor confidence.
- A whale buys 209,237 TONcoin at an average price of $4.1 each, spending nearly $858,000.
- Telegram’s CEO Durov reveals a monetization plan and potential stock allocation to loyal users.
On-chain analysis platform Lookonchain has revealed that a whale spent 214 ETH, currently worth almost $858,000 to buy 209,237 Toncoin at an average price of $4.1. The price of Toncoin currently rests at $4.32, up 16% in the last 24 hours.
The price of $TON(#Toncoin) increased by nearly 30% today!We noticed that a whale spent 214 $ETH($858K) to buy 209,237 $TON at $4.1 on-chain.https://t.co/BGyj7ugsLw pic.twitter.com/EiUOkcup3e
— Lookonchain (@lookonchain) March 13, 2024
The value of Toncoin on the Open Network grew by 38% on Monday after Pavel Durov, the CEO of the popular messaging app Telegram hinted at a potential IPO. Durov revealed to the Financial Times that Telegram had become one of the world’s most popular social media apps, raking in “hundreds of millions of dollars” in revenue through advertising and premium subscription services.
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