Snoop Dogg’s Telegram NFT Mints 1M in 30 Minutes, $12M Sales
Telegram NFT platform saw Snoop Dogg’s latest drop sell out in 30 minutes. The weed-themed collection minted 1 million tokens and generated $12 million in sales on the TON blockchain. Launched via Telegram Gifts, it features marijuana items, a digital dog avatar, vintage cars, and swag bags. The release coincided with his new track “Gifts” and its music video. CEO Pavel Durov confirmed demand far exceeded expectations. Secondary market trading opens in 21 days on TON. A previous American symbols drop sold out in under a minute, underscoring Telegram NFT’s growing digital economy. This success stands out even as global NFT sales fell 61% year-on-year in Q1 2025. Crypto traders should monitor TON token activity, as celebrity NFT drops often drive trading volumes and market liquidity.
Bullish
The rapid sell-out of Snoop Dogg’s Telegram NFT Drop and $12M in sales demonstrate strong demand for celebrity-backed NFTs on the TON blockchain. In the short term, this success is likely to drive higher trading volumes and increased liquidity for the TON token as collectors and traders engage with both the primary sale and upcoming secondary market. Historically, celebrity NFT launches trigger bullish sentiment that can lift token prices. Over the longer term, repeated high-profile drops validate Telegram NFT’s platform, boosting confidence in TON’s ecosystem and potentially attracting more projects and users. Despite broader NFT market declines, this event underscores Telegram NFT’s resilience, suggesting sustained bullish momentum for TON.