According to Odaily, Kingsway Capital's founder and CEO, Manuel Stotz, has revealed that the largest token held by the firm to date is TON. The firm began purchasing TON over two years ago.
In addition to Kingsway Capital, several other investment institutions have shown interest in TON. Ryze Labs, formerly known as Sino Global Capital, has also invested heavily in TON tokens. Its founder and managing partner, Matthew Graham, stated that Ryze Labs has always been a 'major buyer' of TON.
Furthermore, Yat Siu of Animoca Brands mentioned that he purchased the token when its price was below $1, and continued to buy at $1, $1.5, and $2. Will Nuelle, a general partner at Galaxy Ventures, also expressed long-term bullish sentiment for the TON token, suggesting that it could facilitate payments between a large user base and future financial applications through the Telegram application.