Cryptocurrency venture capital firm Pantera Capital, which recently announced that TON is its largest investment to date, is now reportedly raising new funds to further increase its investment in TON. According to The Block, Pantera has sent out an email to potential investors this week, inviting them to participate in the “Pantera TON Investment Opportunity” fund. The fund aims to raise funds to purchase more TON tokens. Interested investors are requested to indicate their interest in this opportunity through a form by June 21st to ensure allocation of the fund. The minimum investment amount for each supporter is stated as $250,000.
In the email, Pantera also mentioned the significant growth of Telegram’s mini-games application, comparing recent TON projects such as Notcoin and Hamster Kombat with Axie Infinity. Notcoin achieved 35 million players and approximately 10 million daily active users within five months of its launch, while Hamster Kombat reached 100 million players and 40 to 45 million daily active users. Pantera’s enthusiasm for TON dates back to May, when Pantera Capital Managing Partner Paul Veradittakit explained in an article why they invested in TON. Veradittakit stated that Telegram has over 900 million monthly active users and, with the vast user base and seamless user experience of Telegram, as well as the vibrancy of the emerging ecosystem of TON, he believes TON has the potential to become one of the largest cryptocurrency networks.
According to Coingecko data, TON currently ranks 9th in terms of market capitalization, with a monthly growth rate of 22.9% and a 6.8% increase in the past 24 hours. As of the time of writing, it is priced at $7.61, outperforming leading projects such as BTC, ETH, and SOL. Additionally, the Telegram free click-to-earn game Notcoin, mentioned by Pantera, has seen a 217% increase in value in the past month.