Investment ideas
Our Outlook on TON: Humble Investment Today, Moonshot Tomorrow?
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At Terramatris, we regularly allocate a small portion of our fund to assets that we believe could have asymmetric upside potential — what we call moonshots. One of those tokens today is TON (The Open Network).
Our investment in TON is currently modest: at the time of writing, we hold just under 100 TON tokens, with a possible outlook to increase this allocation to 200–300 tokens in 2026. While this is a humble position compared to our core holdings, it reflects our conviction that TON has the potential to become a significant player in the crypto ecosystem.
There are a few key reasons why we believe in TON:
1. The Pavel Durov Factor
Although Pavel Durov (the founder of Telegram and earlier, VKontakte) is not directly running TON — the project is now developed and maintained by the TON Foundation — his track record matters.
- VKontakte was inspired by global social networks, but Durov turned it into a unique platform that became Russia’s largest social media company.
- Telegram entered a competitive space of messaging apps, yet evolved into one of the most advanced, secure, and widely adopted platforms worldwide.
Durov has repeatedly shown the ability to take an idea, refine it, and push it forward into something more powerful. With TON closely tied to Telegram’s ecosystem, we believe the potential for scale is substantial.
2. TON as the Ethereum of the Telegram World
We view TON as a kind of Ethereum for Telegram. It is designed to handle millions of transactions per second, integrate seamlessly with messaging, and power a decentralized ecosystem of payments, storage, and applications.
With Telegram’s 900+ million global users, even partial adoption of TON-powered features could create strong network effects.
3. Long-Term Asymmetric Potential
Our investment philosophy here is simple: allocate small amounts to projects that could either fail or grow exponentially. We are not betting the fund on TON, but by holding a small, carefully measured position, we are exposed to its potential upside without overcommitting.
Outlook
As mentioned, our current allocation is around 100 TON tokens, with the possibility of increasing to 200–300 tokens by 2026, depending on market developments and project adoption.
We are in no rush. TON is still in its early growth phase, and we are prepared to hold for several years if needed.
This article reflects Terramatris’ internal investment decisions and is published for transparency and informational purposes only. It should not be construed as financial or investment advice. Cryptocurrencies are highly volatile, and past success of related ventures does not guarantee future performance. Each reader should do their own due diligence and consult with a licensed financial advisor before making investment decisions.
Why We Decided to Invest in Trump Coin
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As part of our ongoing exploration of asymmetric opportunities in the crypto markets, we have decided to make a small, opportunistic bet on Trump Coin ($TRUMP). This position will not replace or alter our core holdings in Bitcoin, Ethereum, and Solana, but will instead be structured as a side challenge using a disciplined, incremental approach.
The 52-Week Challenge
We will allocate to Trump Coin gradually over the course of one year. Starting with $1 in week one, increasing by $1 each subsequent week, and continuing through week 52, this strategy will total $1,378 in contributions if completed.
- Initial funding: Early weeks will be financed from our existing cash balances.
- Later weeks: We may allocate a portion of weekly options premiums into Trump Coin, depending on market conditions.
This structured accumulation reduces timing risk and ensures that our exposure scales modestly.
Why Trump Coin?
Unlike our core crypto holdings, Trump Coin is not optionable, meaning we cannot hedge or generate yield from covered call strategies. By adding it, we are explicitly taking opportunistic risk.
Our reasoning is simple: with President Trump in office until 2028, this token remains a powerful narrative asset tied to politics, culture, and market sentiment. The coin has already demonstrated explosive speculative potential, with a previous all-time high near $70. While there is no guarantee that history will repeat, we view a return to those levels as within the realm of possibility during this administration.
Risk Acknowledgment
We are clear that Trump Coin is not a core holding and carries significant downside risk. This allocation is strictly experimental, sized small, and designed as a side challenge rather than a pillar of our portfolio. We may be wrong in our assumptions, and the token could lose significant value.
This is not a trade recommendation, but a transparent outline of our thinking.
Closing Thought
By pursuing this 52-week Trump Coin challenge, we are adding a small but structured exposure to a unique political-meme asset. The upside is speculative, the risk is high, and the allocation is sized accordingly. Our conviction remains strongest in BTC, ETH, and SOL—but selective opportunism is part of our broader strategy.