Pantera Capital Supports TON Blockchain, TON Price Increases by 10%
Pantera Capital, a leading crypto venture capital firm, recently invested in the open network (TON) blockchain. Originally developed by Telegram, TON has gained significant traction on the Telegram network, boasting more than 900 million monthly active users. Recent updates include Telegram integrating Toncoin (TON) tokens for ad revenue sharing and reward distribution. TON definitely rose 9.6% following the announcement.
Pantera Capital believes TON has great potential to introduce cryptocurrencies to a wider audience, leveraging Telegram’s large user base in payments and the recent adoption of TON for in-platform advertising and tether (USDT). The firm expects continued growth and adoption of TON among Telegram users, highlighting its scalability and cost-effectiveness for transactions.
Pantera Capital’s Diverse Investment Strategy and Fund Expansion
Pantera Capital’s investment in TON is in line with its diversified investment approach, which extends to the purchase of discounted solana (SOL) tokens. Additionally, the firm is in the process of raising a new $1.25 billion fund (Fund V) to invest in a variety of crypto assets, including startup equity Blocks and liquid tokens.
Fund V aims to attract qualified investors with a minimum investment requirement of $1 million, with the first closing planned for April 1, 2025. Pantera Capital’s commitment to expanding its investment portfolio is evident in its efforts to support the growth of promising crypto projects such as: TON reflects the firm’s proactive stance in the evolving crypto market environment.
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TON Price Increase with Growing Market Value
TON has experienced a surge in popularity and is now ranked as the 10th largest cryptocurrency with a market cap of $17.6 billion. Trading at around $5.10 per token, according to the Coingecko Toncoin Price Page, TON’s rise underscores its growing importance in the crypto world.
The price of Toncoin (TON) today is $5.10 and its 24-hour trading volume is $275.1 Million. This represents a price increase of 9.57% in the last 24 hours. With a circulating supply of 3.5 Billion TONS.
Pantera Capital’s investment in TON further highlights the potential of the network, supported by its scalability and cost-effective transaction fees. These factors position TON as a competitive option for crypto payments and transactions and contribute to its rise in the market rankings.
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