Pantera Capital Launches New Fund to Increase Investment in TON Toncoin Surges 22 in Single Month Outperforming the Market

Cryptocurrency venture capital company Pantera Capital previously announced that TON was its largest investment in history, and now, according to The Block, Pantera will raise new funds to continue to increase its investment in TON.
With an asset management scale of nearly 5 billion U.S. dollars, the cryptocurrency venture capital company Pantera Capital is actively fundraising for a new fund dedicated to investing in the dark horse public chain The Open Network (TON), doubling its previous bet on TON. According to an email disclosed by The Block, Pantera earlier this week sent out a fund invitation called “Pantera TON Investment Opportunity” to potential investors.
The fund aims to raise funds to purchase more TON tokens. The email stated that interested investors were asked to indicate their interest in this opportunity through a form before June 21 to ensure that they could receive an allocation from the fund. The form indicated that the minimum investment amount for each supporter is $250,000.
Not only that, Pantera also mentioned in the email that the Telegram game mini-applications experienced significant growth, exceeding all previous cryptocurrency games. Pantera recently compared the hot projects on TON, Notcoin, and Hamster Kombat with Axie Infinity, stating that Notcoin reached 35 million players and about 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 passion for TON can be traced back to May of this year, when Paul Veradittakit, a managing partner of Pantera Capital, released an article explaining why Pantera invested in TON. He stated that Telegram has more than 900 million monthly active users and believes that TON has the potential to become one of the largest cryptocurrency networks by leveraging Telegram’s massive user base and seamless user experience, as well as the vitality of the TON emerging ecosystem.
Paul Veradittakit mentioned that the core of Telegram embodies the spirit of cryptocurrency, that is, “an open, free network accessible to everyone”, and with TON, Telegram has achieved a symbiotic relationship that realizes breakthrough functions that cannot be achieved in the Web2 environment using scalable smart contract functions and a powerful payment network.
According to Coingecko data, TON is currently ranked 9th in market value, with a monthly increase of 22.9%, a 6.8% increase in the past 24 hours, and a temporary report of $7.61 at the time of the deadline, surpassing the performance of leading projects such as BTC, ETH, and SOL… Additionally, the Telegram free click-to-earn coin game Notcoin mentioned by Pantera saw a 217% increase in a single month.


TON up 6.8% in 24 hours | Source: Coingecko


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