4 weeks ago
5
The report’s thesis, that Telegram gives TON the best user funnel in crypto but the token still has to prove people will actually use it, is being stress-tested in live markets faster than the report anticipated.
Key Takeaways
- CoinShares base case of $3.50 implies roughly 119% upside from the current $1.60.
- Telegram has ~1 billion monthly users; TON has 1.78 million monthly active wallets.
- Roughly 37 million GRAM unlocks every month through late 2028.
- Price is pinned between the 200-day average at $1.56 and the 100-day at $1.66.
The Best Funnel in Crypto, Barely Used
The market consensus treats Telegram’s involvement as Gram’s superpower. The report agrees on distribution and then delivers the caveat that matters. In June Butterfill wrote that “TON has solved d...
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