Cryptocurrency venture capital firm Pantera Capital, which previously announced that TON was its largest investment to date, is now reportedly raising funds for a new fund to further increase its investment in TON. According to The Block, Pantera has sent out an email to potential investors this week, inviting them to participate in the “Pantera TON Investment Opportunity” fund. The fund aims to raise funds to purchase more TON tokens. Interested investors are requested to indicate their interest in this opportunity through a form before June 21st to ensure allocation of the fund. The minimum investment amount for each supporter is stated to be $250,000.
In the email, Pantera also mentioned the significant growth of Telegram’s mini-game applications, surpassing all previous crypto games. Pantera compared the recent hot projects on TON, Notcoin and Hamster Kombat, with Axie Infinity, stating that Notcoin achieved 35 million players and approximately 10 million daily active users within five months of its launch, while Hamster Kombat reached 100 million players and 40 to 45 million daily active users.
Pantera’s enthusiasm for TON can be traced back to May of this year when Paul Veradittakit, Managing Partner at Pantera Capital, explained in an article why they invested in TON. He stated that Telegram has over 900 million monthly active users and through the use of Telegram’s large user base and seamless user experience, as well as the vitality of the emerging TON ecosystem, TON has the potential to become one of the largest crypto networks.
According to Coingecko data, TON currently ranks 9th in market capitalization, with a monthly increase of 22.9% and a 6.8% increase in the past 24 hours. As of the time of writing, it is priced at $7.61, outperforming top projects such as BTC, ETH, and SOL. Additionally, the Telegram free click-to-earn coin game, Notcoin, mentioned by Pantera, has seen a 217% increase in the past month.
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