[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![0xHoward_Peng Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1236838377363632128.png) Howard | Build on Telegram 💎 [@0xHoward_Peng](/creator/twitter/0xHoward_Peng) on x 17.1K followers
Created: 2025-07-18 21:58:05 UTC

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 XXX% 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.

![](https://pbs.twimg.com/media/GwK_lGBbEAA-V5w.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946328648740680062/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[stocks utilities](/topic/stocks-utilities)
[nft](/topic/nft)
[$140150m](/topic/$140150m)
[investment](/topic/investment)
[telegram](/topic/telegram)
[$ton](/topic/$ton)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/0xHoward_Peng/status/1946328648740680062)