Pantera Capital spent over $100 million to buy TON at a 40% discount

According to Bloomberg, venture capital funds that invested in Toncoin are now considering if France's actions against Pavel Durov might lead to users leaving Telegram. 🇫🇷📉

An anonymous source revealed that Pantera Capital spent over $100 million to buy TON at a 40% discount, which means they likely purchased TON at around $2.5, and this investment remains profitable. 💵💹

The TON tokens acquired by Pantera have a one-year lock-up period, after which they can gradually sell TON. 🔒⏳ On May 2, Pantera Capital announced this as their largest investment in the Telegram TON blockchain, with estimates suggesting it could be around $250 million. 📈📊

Meanwhile, the TON Foundation stated that they have never raised funds. Other investors like Animoca Brands and Mirana Ventures declined to comment on their investments. 📧🤔

What are their moves? 🤔 $TON