Pantera Capital is preparing a new fund for investment in TON
Date: 2024-06-24 Author: Oliver Abernathy Categories: BUSINESS
Information has appeared in the media that the venture capital company Pantera Capital is preparing a second wave of investments in The Open Network (TON) project. According to data published by The Block, the company is preparing to launch a new investment fund called “Pantera TON Investment Opportunity”, which aims to attract funds for further investments in Toncoin (TON) tokens.
Terms of the new fund
The minimum contribution to the new fund is $250,000, according to corporate materials. Investors interested in participating had until June 21, 2024 to complete the form. Although Pantera Capital declined to comment on the situation, it is clear from the information received that the company is serious about increasing its investment in TON.
This is not Pantera Capital's first investment in The Open Network project. In May 2024, the first wave of investments in TON became known, although the exact amount of these investments was not disclosed. However, the company confirmed that this was their largest investment ever.
Market reaction
Amid news of new investments by Pantera Capital, the Toncoin (TON) rate showed an increase of 1.72% on the daily chart. According to TradingView, at the time of preparation of the material, the value of the asset is $7.2.
Despite the growing interest in investing in TON, Pantera Capital chose not to disclose details about its plans and strategy. This fuels interest in the project and causes a lot of speculation among market participants.
Questions about adding TON to Binance
Previously, Binance exchange CMO Rachel Conlan answered the question of why the exchange did not add TON. This question remains relevant for many investors, given the growing interest in the token and support from such large players as Pantera Capital.
Pantera Capital continues to strengthen its position in the cryptocurrency sector by preparing a new fund to invest in Toncoin. The minimum contribution to the fund of $250,000 indicates the company’s serious intentions and high expectations from the TON project. The company's future actions and their impact on the cryptocurrency market will be under the close attention of investors and analysts.
