The Telegram username "@crypto" received a $25 million offer, and its price soared 70 times in two years.

Telegram CEO Pavel Durov announced in a post on Wednesday that an early user of Telegram and Toncoin (TON) recently received a $25 million offer for his "@crypto" username on Telegram.

The username was originally purchased for $350,000 in 2023, and the holder recently stated, "If these can't be taken away by others, then I want to take all the rare usernames," as Durov was quoted in the post.

All usernames on Telegram are tokenized on the TON blockchain, meaning each one is unique and cannot be copied. According to Statista data, the most expensive username sold in 2024 was @news, which sold for $5.8 million, while @auto also sold for $5.2 million.

“When people can directly own their digital assets, magic happens — just like this tokenized Telegram username, which saw its value soar 70-fold,” Durov wrote in the post. “Telegram users are truly sovereign owners: no middlemen, no forced confiscation, everything is secured by the TON smart contracts.”