Pantera Capital is reportedly gearing up to raise funds for a new investment in Toncoin (TON), highlighting its continuing commitment to this cryptocurrency. This follows one of Pantera's largest prior investments in TON.
### Details of the New Investment
- **Journalist Report**: Yogita Khatri from theblock.co disclosed that Pantera is actively seeking additional funds for TON.
- **Investment Invitation**: An email titled "Pantera TON Investment Opportunity" outlines the details, including a minimum investment requirement of $250,000. Interested investors needed to respond by June 21.
- **Invitation Quote**: The email stated, "We are inviting you to participate in the upcoming round of this investment opportunity."
### Toncoin's Market Position
- **Market Capitalization**: TON ranks as the ninth-largest cryptocurrency by market cap.
- **Recent Performance**: Despite a broader market downturn, TON recently achieved an all-time high (ATH) and is currently just 12.8% below this peak, recorded on June 15.
### Factors Driving Interest
- **Popularity of TON-based Games**: The Open Network (TON) blockchain has garnered significant attention, partly due to the success of games like Tapswap, Pixelverse, Hamster Kombat, and Notcoin.
Pantera's renewed investment efforts suggest a strong belief in TON's potential and its growing ecosystem, despite the volatile market conditions.