Wu learned that according to Howard, the creator of the Telegram ecosystem, TON Strategy has over $660 million worth of TON on the chain, accounting for about 4.4% of the total, making it the fourth largest holder of TON. The top five TON holders include TON Believer Fund (1.3 billion TON), Actor Contract (PoS) (716 million TON), Ecosystem Reserve (431 million TON), TON