DropsTab logo - blue line depicting the shape of a water drop with Christmas decoration
M. Cap:ย $2.16ย Tย 0.30%24h Vol:ย $92.30ย Bย โˆ’25.62%BTC:ย $62,519.21ย 0.52%ETH:ย $1,664.38ย 0.99%S&P 500:ย $7,367.53ย โˆ’1.39%Gold:ย $4,064.50ย โˆ’1.51%BTC Dominance:ย 58.05%

Analytics

What Are Telegram Gifts, and How Do Upgrade and Crafting Work?

Telegram Gifts turned a chat trinket into a TON-settled collectible market โ€” a guaranteed Stars upgrade on one side, a burn-or-bust crafting lottery on the other. Here's how the economics actually work.

Telegram EcosystemActivities
02 Jun, 202510 min read
Join Our Socials

Key Takeaways

  • Telegram Gifts run on two distinct mechanics: Upgrade (spend Stars for a guaranteed collectible) and Crafting (combine up to four gifts for a probabilistic higher-rarity result), which launched February 8, 2026.
  • The gift economy reached roughly $292M in cumulative trading volume, a ~$128M collection market cap, 541,000+ wallets, and ~9M gifts held across 2M+ users (as of Nov 2025; these macro figures pre-date crafting and have not been refreshed).
  • Telegram has 1B+ monthly users (Mar 2025) and ~500M daily users โ€” gift ownership is still a sliver of the base.
  • Plush Pepe is the floor leader at ~5,100 GRAM (prev. TON) (Getgems, June 2026); top individual pieces have sold for roughly $90,000โ€“$120,000+.
  • The market cooled in early 2026: Plush Pepe's March volume fell 33.7% month over month and its floor slipped 12.4%.

What Are Telegram Gifts?

Telegram Gifts are digital items sent inside chats, a subset of which are collectible gifts โ€” fixed-supply items recorded on the TON blockchain and tradable as NFTs. Regular gifts are unlimited and cannot be resold. Collectibles carry four trait axes โ€” Model, Backdrop, Symbol, and Number โ€” each with its own rarity percentage that drives value.

The feature launched in October 2024, and TON-backed collectibles followed on January 24, 2025 โ€” the same on-chain logic Telegram applied to its collectible stickers. Since then the catalog has grown fast: Telegram reports users have minted millions of gifts across over 100 collections as of February 2026. Not every gift is an investment vehicle โ€” most are sent and forgotten โ€” but the collectible tier is where a real TON-settled market has formed.

The mechanical split that defines everything downstream is simple. A standard gift becomes a collectible one of two ways: you upgrade it with Stars, or you craft a new one by combining others. The two paths differ on cost, guarantee, and risk โ€” and most competing guides blur them together. They shouldn't be.

How Does the Upgrade Mechanic Work?

Upgrading a Telegram gift spends Stars to convert it into a collectible, unlocking custom artwork plus a random set of secondary traits. The outcome is guaranteed โ€” you always receive a collectible โ€” but the specific traits are random. The cost starts high and decays on a fixed hourly ladder, so timing changes what you pay.

Telegram gift Upgrade interface showing Stars cost and random collectible traits
Upgrading starts at 20,000 Stars and decays hourly toward a ~25-Star floor โ€” the cost buys a guaranteed collectible, but the traits are random.

The Upgrade fee begins at 20,000 Stars and steps down hour by hour toward a floor near 25 Stars. (The exact intermediate steps circulate in community guides; the 20,000-Star ceiling is the figure worth anchoring to.) What you're paying for is the reveal: a golden model, a black backdrop, or a low edition number all command premiums on the secondary market, and which ones you get is luck. Newly upgraded gifts also sit under a transfer hold before they can be moved or sold.

This is the conservative path. You know your cost, you know you'll end up with a tradable collectible, and the only variable is how good the traits turn out. Crafting throws that guarantee away.

What Is Telegram Gift Crafting?

Telegram Gift Crafting, launched February 8, 2026, lets users combine up to four collectible gifts to generate a new one in a higher rarity tier โ€” Uncommon, Rare, Epic, or Legendary. Telegram confirms that each added gift raises the chance of success and that inputs sharing attributes are more likely to pass those attributes to the result. Telegram's own wording confirms the attempt can fail.

Telegram Gift Crafting combining up to four gifts into a higher-rarity tier
Crafting merges up to four gifts for a probabilistic shot at Uncommonโ€“Legendary tiers; Telegram has published no success odds as of June 2026.

Here the official record and the community record diverge, and the distinction matters for anyone risking real assets.

What Telegram has confirmed (telegram.org, Feb 9, 2026): crafting accepts up to four inputs; more inputs and matching attributes improve your odds; outputs land in one of four named tiers with original artwork unobtainable through a standard upgrade. The phrase "increasing your chances of success" is itself the confirmation that success is not guaranteed.

What Telegram has not confirmed: as of June 2026, Telegram has published no success odds for any tier or input count โ€” so any percentage you see quoted online is unsourced. Telegram has also not officially documented what happens to your inputs when a craft fails; per user observation, the committed gifts are lost. By community account, eligible inputs at launch were limited to the Jingle Bells and Desk Calendar collections and had to come from a single collection, though Telegram's blog states neither restriction explicitly. Treat these as observed behavior, not published rules.

That gap is the whole point. Crafting is marketed as a path to Legendary-tier items, but the public has no disclosed odds and a credible risk of total input loss โ€” and no guide draws that line cleanly.

Crafted vs Standard Gifts: The Difference

Standard (upgraded) gifts and crafted gifts diverge on three axes: guarantee, cost basis, and downside. Upgrading has a known Stars cost and always yields a collectible. Crafting risks losing every committed input for a shot at a rarity tier upgrading cannot reach. The trade is certainty for ceiling.

DimensionStandard (Upgrade)Crafted
MechanicSpend StarsCombine up to 4 gifts
OutcomeGuaranteed collectibleProbabilistic โ€” can fail
Cost basis20,000 โ†’ ~25 Stars (hourly decay)Floor cost of inputs (e.g. Jingle Bells ~2.49 GRAM each)
Downside on failureNone โ€” always a collectibleInputs lost (community-observed; not officially documented)
Trait controlFully randomPartly influenced by inputs (community-observed)
Rarity ceilingStandard collectibleUncommon โ†’ Legendary tiers

There is one more honest caveat for the value-hunters: no public data isolates a crafted-gift premium or discount on the secondary market as of June 2026. Crafted Legendaries should be scarce, but "should" is not a price feed. Anyone crafting for resale is betting on a market that hasn't proven itself yet.

How to Buy Telegram Gifts with Stars

Buying a Telegram gift takes Telegram Stars, the in-app currency priced at roughly $0.013 each. You acquire Stars through an in-app purchase, open a profile, choose Send a Gift, and pay โ€” the gift then lands in the recipient's profile, and if it's collectible, on-chain in their TON wallet. Where you buy the Stars changes the cost meaningfully.

The flow:

  • Buy Stars via in-app purchase โ€” Apple Pay, Google Pay, or card. (Buying Telegram Premium with crypto follows the same Stars-routing logic.)
  • Open a profile (a contact's or your own) โ†’ Send a Gift โ†’ pick a gift priced in Stars.
  • Pay in Stars. The gift arrives instantly; collectibles register on TON.

The cost insight most guides skip: buying Telegram Stars on mobile carries roughly a 30% Apple/Google platform fee on top of a small conversion spread โ€” an effective cost near 32%. Buying through Telegram's desktop or web client cuts that to roughly 3โ€“4%. On larger purchases that delta is real money. Note too that converting Stars back out (via Fragment) involves a holding period and a minimum withdrawal threshold โ€” Stars are easier to spend than to cash out.

Telegram Gifts Prices, Rarity & Marketplace

Telegram gift prices are driven by rarity โ€” the scarcity of a gift's Model, Backdrop, Symbol, and Number โ€” and by liquidity on the venue where it trades. Trading happens across Telegram's internal marketplace, launched May 9, 2025, and a cluster of third-party TON markets. Floor prices move sharply: early 2026 saw double-digit monthly swings.

One naming note: following an 81.22% community vote, the network's native token was renamed from Toncoin (TON) to Gram (GRAM), effective June 15, 2026. Balances and prices are unchanged โ€” 10 TON equals 10 GRAM โ€” and the blockchain itself stays The Open Network. Floor prices below are quoted in GRAM.
Telegram collectible gift rarity traits โ€” Model, Backdrop, Symbol and Number
Four trait axes โ€” Model, Backdrop, Symbol, Number โ€” each carry a rarity percentage that drives secondary-market value.

The clearest current benchmark: Plush Pepe, the original collection, held a floor near 5,000 GRAM on Getgems in June 2026, with top individual pieces listed/asking up to $90,000โ€“$120,000+ range. That sits against a cooling tape โ€” Plush Pepe's March 2026 volume dropped 33.7% month over month โ€” a reminder that even the blue-chip collection isn't a one-way bet.

Where gifts trade:

VenueRoleCurrencies
Telegram internal marketplaceNative P2P + auctionsStars, GRAM
FragmentOfficial Web3 market; Starsโ†’TON; KYC requiredGRAM
TonnelThird-party market + botGRAM, USDT, TONNEL
GetgemsLargest open TON market; liquid floor referenceGRAM
PortalsIn-Telegram market, no listing feesGRAM
Plush Pepe Telegram gift floor price on Getgems TON marketplace
Plush Pepe held a ~5,100 TON floor on Getgems in June 2026, with floor quotes diverging sharply across venues.

One liquidity warning worth internalizing: floor quotes diverge by venue. Plush Pepe showed ~5,100 GRAM on liquid Getgems versus a far higher number on a venue with zero recent trades โ€” always read the floor on the market that's actually moving volume.

How to Convert Telegram Gifts to TON NFTs

Converting a Telegram gift to a TON NFT requires an upgraded (collectible) gift, not a regular one. From My Profile, open Gifts, select the collectible, choose Transfer, and send it via blockchain to a TON wallet such as Tonkeeper or the built-in Telegram Wallet. Once on-chain, the gift trades like any TON NFT.

Telegram gifts follow the TON NFT standards, so a converted gift behaves as a standard collectible on Getgems, Fragment, or Tonnel. Two frictions are worth flagging. First, Fragment requires KYC for Stars-to-TON conversion โ€” a sticking point for users who value the anonymity Web3 usually promises. Second, on-chain migration is far from universal: as of late 2025, only about 5% of upgraded gifts had actually been moved on-chain, which means most "collectibles" still live inside Telegram's walled garden rather than the open TON market.

Telegram Gifts Analytics & Tracking Tools

Floor prices, rarity scores, and portfolio values for Telegram Gifts live outside the official app, in third-party tooling. The main surfaces are GiftStat for sales and rarity data, the Thermos cross-market price aggregator, community Dune dashboards, and DappRadar โ€” plus in-Telegram bots that track holdings and price alerts.

Telegram's own interface shows you what you own but little about what it's worth relative to the market. For that, the ecosystem leans on outside trackers: GiftStat pulls Tonnel sales and rarity data, Thermos (built on swap.coffee) aggregates prices across marketplaces so you're not floor-checking each venue by hand, and community Dune dashboards plus DappRadar cover broader on-chain activity. Portfolio and alert bots inside Telegram round out the holdings-tracking layer. One gap remains: no analytics surface currently isolates crafted-gift mint volume, so adoption of the crafting feature itself can't yet be measured from the outside. For tracking gift floors and broader TON activity in one place, DropsBot surfaces the data inside Telegram.

Risks & Market Context

Telegram Gifts have produced outsized returns for a handful of early holders, but those are exceptions, not the baseline โ€” and the structural risks cut the other way. The headline hazards are crafting's unquantifiable expected value, thin secondary-market liquidity, post-auction devaluation, and an active scam surface.

The upside cases are real but rare: Plush Pepe is widely cited as a ~230x outlier from a roughly $30 origin, and individual gifts have occasionally turned a few dollars into thousands (single-source community claims โ€” treat as anecdotes, not norms). Against that, the risks are systematic:

  • Crafting EV is unquantifiable. With no disclosed odds and inputs destroyed on failure, gift crafting is structurally a lottery whose house edge the public cannot calculate. That's not a knock on the feature โ€” it's a reason to size positions as if you could lose them entirely.
  • Structural illiquidity. High-value gifts are hard to exit; TON-ecosystem capital is thin next to Ethereum or Solana NFT markets, so a five-figure gift can sit unsold in a downturn.
  • Post-auction devaluation. Telegram's auction model has moved real money โ€” the Khabib Nurmagomedov papakha auction cleared roughly $4.35M across 29,000 gifts, the UFC Box blind-box sale about $3.5M, and Snoop Dogg's drop $12M across ~996,000 NFTs in roughly 30 minutes โ€” but the model is criticized for inflating entry prices, with frequent drops on the secondary market right after.
  • Overstated volumes. Some mini-app marketplaces use internal-balance accounting that can inflate reported trading figures, so headline volume numbers deserve skepticism.
  • Scam surface. Copycat collections, fake gift contracts, phishing dApp connections, and OTC "guarantor" fraud all target gift traders โ€” verify contracts and venues before sending anything.
Celebrity Telegram gift auction drops โ€” Snoop Dogg and UFC TON NFT sales
Snoop Dogg's drop cleared $12M across ~996,000 NFTs in roughly 30 minutes โ€” auction models move real money but draw post-drop devaluation criticism.

The strategic backdrop is a TON ecosystem pushing west. Leadership shifted to Max Crown as TON Foundation CEO in August 2025, with the prior chief moving to run a NASDAQ-listed TON treasury vehicle that raised a $558M institutional round โ€” and the Snoop Dogg, UFC, and Pudgy Penguins tie-ins all read as bids for a Western audience beyond TON's CIS-and-emerging-markets core. Whether that converts the next wave of collectors, or just the next wave of speculation, is the open question. To track gift floors and TON market activity as it moves, DropsBot delivers the data inside Telegram.

This article is informational and not financial advice. Telegram Gifts are speculative digital assets; crafting carries a risk of losing the gifts you commit, and secondary-market prices are volatile.

Disclaimer:ย This article was created by the author(s) for general informational purposes and does not necessarily reflect the views of DropsTab. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions.

Latest Articles