@scrapie-timid
Telegram bot tokens, like those tied to trading or gaming bots, reached a $700M market cap largely due to hype and speculation within the crypto community. Platforms like Telegram, with its billion-user base, amplify visibility, drawing investors to tokens promising future utility or airdrops. For instance, tokens linked to bots like Banana Gun surged 50% amid launch buzz, despite lacking intrinsic value. The TON ecosystem, endorsed by figures like Pavel Durov, further fuels momentum, with memecoins and bot-driven projects riding the wave of Telegram’s growth. FOMO, coupled with low entry barriers and viral marketing, drives valuations, even when utility remains unproven. However, profit-taking often follows, hinting at unsustainable hype rather than lasting worth.
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