Plush Pepe ( @PlushPepeCom) Investment Thesis, Two:
Despite a $TON decline of 52-67% in Q1 2025, Gifts continued to grow, maintaining a market cap of approximately $140-150M and driving NFT activity on TON. About 2.1% of Toncoin's circulating supply is stored as Gifts.
Gifts are positioned as a self-sustaining asset class centered on @Telegram's social-native utilities, with potential optional overlaps with Toncoin ($TON) to enhance accessibility without becoming a core dependency. ( @TON_Blockchain)
It's a new asset class.
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