Telegram gifts market cap: the total and every collection

Updated 13 November 2026 · 3 min read

On 13 November 2026 the 125 upgraded Telegram gift collections had a combined market cap of about 129.1M TON, roughly $148M at that day's TON price. Plush Pepe alone made up about 15% of it. The live total and every collection's share are on Telegram gift prices and the heatmap.

How market cap is calculated

For each collection, Sales Tracker multiplies its price by the number of gifts issued as collectibles. The price is the floor, the cheapest listing on any marketplace. When a collection has nothing listed, its latest sale stands in. The market cap of all gifts is the sum over every collection.

Because it uses the floor, market cap is a conservative size. Rare models trade far above the floor, so the sum of what every gift would actually fetch is higher. It is also not a price anyone could realise: selling a whole collection at once would push its floor down long before the last gift sold.

Market cap is useful for comparing collections with each other and for following the market over time. For one gift's value, use its model floor and recent sales instead; the valuation guide explains how.

The largest collections by market cap

Market cap on 13 November 2026: floor times supply. The ten largest made up about 37% of the 129.1M TON total.

Two very different kinds of collection reach the top. Plush Pepe, Heart Locket and Durov's Cap have small supplies and high floors: fewer than 5,000 of each exist. Snoop Dogg and Chill Flame have floors near 5 TON but hundreds of thousands of gifts. Both kinds add up to a large market cap; they trade very differently.

Market cap and trading volume

A large market cap does not mean busy trading. On 13 November 2026, all gifts together turned over about 936,810 TON in 24 hours, under 1% of their market cap. Plush Pepe, the largest collection, saw only a handful of sales that day, while Myth Mask, outside the top ten by market cap, sold more than 3,500 gifts.

Over longer periods the gap narrows. In the 30 days to 13 November, 39.9M TON of gifts changed hands, about 31% of the market cap. The market report follows volume month by month since January 2025.

Open the heatmap

What moves the market cap

• Floors: the main driver. A 10% drop in a collection's floor is a 10% drop in its market cap.
• Supply: new upgrades add gifts while a collection is still being upgraded; crafting burns gifts and removes them.
• The TON price: gifts are priced in TON, so the dollar market cap moves with TON even when floors stand still.
• New collections: each new upgradable gift adds a collection to the total.

The heatmap colours each collection by its 24 hour change and sizes it by market cap or volume, which shows in one view whether a move is market wide or limited to a few gifts. Gainers and losers list the biggest moves.

Usernames and numbers are separate

Collectible usernames and anonymous +888 numbers are also TON collectibles from Telegram, sold on Fragment, but they are not part of the gift market cap. Sales Tracker has recorded more than 300,000 sales of each. Their floors and sales are on Usernames and +888 numbers, and the guide to usernames and numbers explains how they work.

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