Telegram had roughly $400 million in digital assets by the end of 2023, as reported by a leading media outlet. However it reported $342.5 million in revenue in 2023, but it reported operating losses were $108 million.
The unprecedented arrest of the Telegram founder has sparked debates in the broader finance market about the platform’s take on digital assets and its total holdings in cryptocurrencies. Pavel Durov was arrested by French officers at Le Bourget Airport in France on August 25, 2024.
As per available details, Telegram had roughly $400 million in digital assets by the end of 2023. Financial Times noted in spite of generating $342.5 million in revenue in 2023, Telegram posted an operating loss of $108 million.
Around 40 percent of the revenue of the social media platform is gathered from activities related to digital assets, specifically from “integrated wallet” and “sale of collectibles, ” wrote FT.
By the end of the previous year, Telegram boasted almost 4 million paying users.
However, according to market analysts, the number of premium members increased dramatically in 2024 as a result of memecoin DOGS’ unexpected rise in popularity.
With more than 1 billion downloads overall, Telegram is one of the most popular apps on the Google Play market. Information is accessible on Playstore, which boasts 950 million active users.
Telegram’s Statics 2024
According to Demandsage(dot)com, there were 5 million premium Telegram users in January 2024, a number that was larger than in 2023. Most of its user base falls within the age range of 24 to 44 years old.
According to the information provided, in July 2024, there were a total of 950 million active users on Telegram. The typical user dedicates 3 hours and 45 minutes monthly to using Telegram.
Male users represent 58 percent of Telegram’s users, while women account for 42 percent. It is important to mention that the messaging app is predominantly used in India, with a total of 83.85 million downloads.
India leads in the number of Telegram users, followed by Russia, the US, Indonesia, Brazil, Ukraine, and Vietnam. Independently, in February 2024, the messaging application was downloaded 34.33 million.
Toncoin (TON) Price Overview
Toncoin’s trading price fell more than 9.50 percent in the past seven days; experts said the decline was fueled by the arrest of Telegram’s founder in France. When writing, it traded at $5.202 after losing 2.01 percent of its price intraday.
However, the current trading price of TON is below 20, 50, 100, and 200 days EMA (exponential moving average). In the past 30 days, it lost over 15 percent of its price and 23.53 percent in a quarter.
If bears continue their dominance over bulls, Toncoin is expected to mark the nearest support of $4.840 soon, followed by $4.243.
TON’s trading price fell, and the market lost 9.87 percent in a week, reaching $13.10 billion. Moreover, its cap also registered a free fall of 15 percent in a month and 19.80 percent in the past three months.
Dogs (DOGS) Price Overview
Dogs (DOGS) debuted in the broader cryptocurrency market on August 26, 2024, with a market capitalization of $865 million. As of writing, it has a cap of $569.12 million, making it the 93rd most prominent crypto in the market.
Until publishing, Dogs was trading at $0.001097 with an intraday decline of 13.14 percent. It is largely speculated that the recent arrest of the founder of Telegram majorly initiated the falling momentum in DOGS.
It is crucial to note that Dogs is the 13th most traded token/coin in the market, with an intraday trading volume of $483.73 million.
