TON was originally Telegram Open Network developed by Telegram, in 2018 the project had an ICO of 1.7 billion USD. By 2020, the project planned to have a second ICO but received a ban from the SEC. Afterwards, community members established the Ton Foundation and restarted development activities leading to the establishment of The Open Network or TON.

Pantera, one of the oldest VCs in crypto, also recently revealed a major investment in TON.

TON currently has an MC of 22 billion USD, FDV of 32 billion USD
Wishing everyone a profitable week <3