Millions of dollars will reach TON with new investment from Pantera Capital
The investment company, Pantera Capital, opens a fundraising round in order to invest in TONnative cryptocurrency of the homonymous network (which stands for The Open Network).
“We invite you to participate in the next round of this investment opportunity,” can be read in an email sent by the firm to its clients. Those interested have until June 21 to confirm their participation and, as indicated in the corresponding form, which was reviewed by the press, The minimum investment is $250,000.
Ryan Barney, one of the company’s directors, has said about TON:
“We believe the TON network is still in its early stages and we are excited to witness the adoption of its ecosystem and new features by the Telegram user base.”
Ryan Barney, director of Pantera Capital.
Although there is no official link between TON and Telegram, the truth is that the cryptocurrency network and the messaging application share a common past. Besides, Almost the entire ecosystem around TON is designed to be used within Telegram, mainly through bots.
As CriptoNoticias reported, in May 2024, Pantera Capital had announced an investment in TON for an unspecified amount, but which claimed to be the largest cryptocurrency investment made by the firm until then.
Although the general bearish trend of the cryptocurrency market has hit TON in recent days, this did not prevent it from setting new all-time highs on Saturday, June 15, above $8.
With a capitalization of more than 17 billion dollars, TON is the ninth most valuable cryptocurrency on the market. The emergence of popular games, including Notcoin, has boosted the TON ecosystem and its native token so far in 2024.
