Pantera Capital Invests an Additional 20 Million USD in Telegram-Linked Blockchain, TON

Pantera Capital, one of the largest investment funds in the cryptocurrency field, has successfully raised 20 million USD to invest in Toncoin, the cryptocurrency associated with the TON blockchain. According to documents submitted to the U.S. Securities and Exchange Commission (SEC), it raised funds from 29 investors through two different funds, with a minimum investment amount of 250,000 USD.

Strong Confidence in TON

This is not the first time Pantera Capital has made a significant bet on TON. Previously, in May, the fund labeled its investment in this project as the largest in its 21-year history.

Despite the troubles surrounding Telegram CEO Pavel Durov, such as his arrest in France in August on charges related to illegal content management on the Telegram platform, Pantera and other investors still have strong faith in the potential of TON.

TON's Strong Recovery

After initial losses following Durov's arrest, Toncoin quickly regained its growth momentum, especially thanks to the overall recovery of the crypto market after Donald Trump's electoral victory. The price of Toncoin rose to 6.84 USD at the beginning of the week, nearly wiping out the losses since August.

Currently, Toncoin is trading at around 6.60 USD, with a market capitalization of nearly 17 billion USD, although still 20% lower than its peak in July.

The Future of TON

With support from major investors like Pantera and the continuous development of the TON ecosystem, this blockchain is expected to continue to shine in the cryptocurrency industry, despite the challenges from legal and market pressures.