As an experienced analyst, I find this transfer intriguing, given its significant size and the parties involved. The fact that 30 million TON, or $224.64 million, were transferred from the TON Foundation to Telegram raises many questions.
On June 26, 2021, an enormous transaction of approximately 30 million Toncoin (TON) was recorded, with the transfer originating from The Open Network Foundation’s address and ending at Telegram’s. According to TON Explorer, this single transaction represented a substantial value of $224.64 million. The destination address for this large sum was identified as “UQCMOX”.
Exploring the on-chain details, it’s clear that this specific address boasts a substantial balance of 213.48 million TON, valued at approximately $1.59 billion. This wallet is quite dynamic, both incoming and outgoing transactions are frequent. Notably, this wallet is associated with Telegram, the widely-used messaging platform boasting nearly a billion users, and has close ties to the TON blockchain.
As a researcher examining historical mentions of this address, I’ve come across some intriguing information. It seems that this address may be connected to Fragment, a blockchain platform developed by the Telegram team. On Fragment, users can transact in various items such as profile and channel IDs, anonymous numbers, and Telegram Premium subscriptions.
The TON Foundation, conversely, is a non-profit organization dedicated to advancing and enhancing the namesake blockchain through community support and development.
What was that though?
The flow of funds from a charitable organization involved in blockchain technology to the messenger address overseeing its operations on the blockchain can be perceived as a financial transaction.
As a crypto investor, I’m pondering over whether the recent massive transfer of $250 million to Telegram can be classified as a donation. However, there’s been no official confirmation from either the Telegram team or the TON Foundation regarding this substantial transaction.
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2024-06-26 18:47