A bidding war among Chinese buyers pushed the 'danbao' handle to 1.58 million TON tokens, marking the highest sale ever on the platform.
A Telegram username auction for 'danbao' concluded at 1,583,948 TON tokens, equivalent to about $2.1 million, setting a new record price for a handle on the platform. The term 'danbao', meaning 'guarantor' or 'intermediary' in Chinese, drew intense competition among Chinese buyers throughout the day before closing at the record amount.