Pantera Capital raises $20 million to invest in TON

Pantera Capital has successfully raised $20 million to invest in the cryptocurrency Toncoin (TON) associated with The Open Network project, linked to the messaging app Telegram. According to filings with the U.S. Securities and Exchange Commission (SEC) and information from sources, Pantera Capital is launching a new fund called "Pantera TON Investment Opportunity" to increase the amount of TON tokens held by this fund. The deadline for investors to join the fund is June 21, with a minimum investment amount of $250,000.

Previously, Pantera Capital also made the largest investment in history in TON in May, without disclosing specific terms. However, information indicates that this investment was made at a discounted price compared to the market price. Additionally, Pantera forecasts that TON is still in the early development stage and has significant potential due to the large user base of Telegram.