Just caught Forbes updating Pavel Durov's net worth estimate and the numbers are pretty wild. They slashed it from $17.1B down to $6.6B. That's a massive write-down. Seems like they're reassessing Telegram's valuation against what other platforms are actually worth in the current market. Makes sense given how volatile things have been. What's interesting is the timing pressure here too. Durov's got a $1.1B bond payment due in March that he needs to cover. When you're building valuations on hype and expectations, reality tends to catch up fast. Especially when there's actual debt sitting on the books with a hard deadline. TON is trading around $2.02 right now, down about 1% today. It's a good reminder that even for major crypto figures, the market doesn't care much about past glory when the fundamentals get questioned.

TON0.81%
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