After numerous speculations, the crypto space is excited by the latest announcement from Blum. On May 26, 2025, the Telegram-integrated hybrid exchange revealed that its much-anticipated $BLUM Token Generation Event (TGE) will occur in June 2025. This update comes after the protocol disclosed to the community last week that they are actively speaking to exchanges.
With $BLUM finally set to launch next month, providing the details about the TGE, Blum’s strategic focus, and community reactions is essential. With this in mind, here’s everything you need to know about Blum’s upcoming launch.
TGE All Set for June
Blum announced on X that the $BLUM token will officially launch in June 2025. The token will be available on the Blum app and decentralized exchanges (DEXs), with a snapshot scheduled for early June. The announcement emphasized that $BLUM will focus on The Open Network (TON) ecosystem, moving away from a multichain approach.
“$BLUM is launching this June. The token will go live in the Blum app and on DEXs. Snapshot – early June. Focus: Telegram & TON. Telegram remains our core platform. We’re going deeper into the TON ecosystem and shifting away from multichain for now,” the platform wrote on X.
This strategic pivot aims to leverage Telegram’s massive user base and TON’s scalability for faster, low-cost transactions. Blum’s decision to focus on TON aligns with the growing trend of Telegram-based protocols.
Blum’s Strategic Focus: Telegram, TON, and Product Development
Blum has positioned Telegram as its core platform, a choice that makes sense given Telegram’s global reach of over 900 million users as of 2024. The TON ecosystem, originally developed by Telegram and now maintained by the open-source community, offers a blockchain infrastructure known for lightning-fast transactions and low fees.
The decision to shift away from a multichain strategy suggests Blum is doubling down on TON to streamline development and user experience. Blum’s mini-app on Telegram connected over 30 million wallets and reached 250,000 users within five days, showcasing its potential to capture a significant market share.
Product Priorities and Milestones
Alongside the $BLUM launch, the platform is also building a unique user ecosystem. Follow-up posts on X outlined the company’s product priorities:
- Trading Bot: Already boasting 700,000+ users and $50 million+ in trading volume.
- Telegram-Native Trading Terminal: A new tool designed for seamless trading within Telegram.
- TON Launchpad Expansion: Including on-chain trading tools to support token launches.
Additional X posts shared on-chain data to counter claims of bot activity, revealing:
- 440,000+ real traders.
- $70 million+ in trading volume.
- 340,000+ tokens launched.
- Approximately 1,000 tokens migrated to DEXs.
These figures, backed by verified on-chain data, aim to reassure the community of Blum’s legitimacy and focus on real users. The platform has faced allegations of bot activity, with some claiming “99% of Blum users are bots.” The company refuted these claims in the X post, with the on-chain data to prove otherwise and linking to a full statement.
“Recent media and influencer claims suggesting “99% of users of Blum are bots” are unfounded and unsupported by credible data. We categorically refute these rumours. While “farming” – the use of bots to game systems – is a known issue in Web3, we’ve built internal mechanisms to detect and mitigate such activity. We encourage everyone to rely on verified data, which remains publicly accessible. Our metrics speak for themselves,” the statement read.
Community Reactions: Excitement, Skepticism, and Controversy
The $BLUM TGE announcement has sparked many replies on X, reflecting excitement and frustration within the crypto community.Some users are optimistic about the launch. Most were generally happy with the announcement, including the team’s plans to launch on TON.
Positive responses to BLUM’s TGE announcement (X/Twitter)
However, the announcement has also drawn significant criticism, particularly over the decision to launch on DEXs rather than centralized exchanges (CEXs).
Skeptical reactions to BLUM’s TGE announcement (X/Twitter)
The lack of CEX listings is a major sticking point. Another user demanded listings on major exchanges like Binance, warning that a DEX-only launch could lead to a price dump due to diminished trust in TON. Yet another user questioned why Blum made users wait 1.5 years if a CEX listing wasn’t planned.
This criticism follows Blum’s earlier disclosure that they actively spoke to exchanges. The shift to a DEX-only launch has left some community members feeling misled, despite Blum’s efforts to engage with exchanges.
What’s Next for $BLUM?
According to ICO Drops, Blum has raised $5 million across funding rounds and has backing from Binance Labs, which could signal future CEX listings. However, the current DEX-only launch may limit initial liquidity and accessibility, a concern echoed by the community.
While the community is more focused on the team’s CEX negligence, the platform is poised to accelerate its mission to make “on-chain trading simple, native, and accessible for millions of Telegram users.” Further, Blum also disclosed that there will be an AMA session with the co-founders next week to hear from the community and share more information.
On a brighter note, the $BLUM TGE announcement has stirred significant interest in the crypto community, but it’s not without controversy. While the project’s focus on Telegram and TON aligns with emerging trends, the decision to launch solely on DEX, despite earlier talks with exchanges, has sparked debate.
As June 2025 approaches, all eyes will be on Blum to see if it can regain the trust of its community. Additionally, the forthcoming AMA and launch will be crucial to its progress in the blockchain industry.
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