Insiders: Main Buyer of Telegram's TON Sale is TONX, for Long-term Holding and Staking

Odaily News According to a post by Manuel Stotz, Chairman of the Board of the NASDAQ-listed TON treasury company TONX, all TON sold by Telegram has a four-year vesting period. Furthermore, the primary buyer of the tokens sold by Telegram is the TONX company he leads, intended for long-term holding and staking.

Previously, it was reported that Telegram's revenue in the first half of the year reached $870 million, a 65% year-on-year increase, partly attributed to the TON ecosystem; the company has sold over $450 million worth of TON, but Stotz emphasized that Telegram's net TON holdings have not significantly decreased and may have even increased.