Toncoin (Ton), the native token of the Telegram-Adjacent Ton Blockchain, which spiky Thursday as an ecosystem organization that the Open Network Foundation said many venture capital firms invested $ 400 million in the token.
Investors include Sequoia Capital, Ribbit, Benchmark and Kingsway, according to a press release shared with CoinDesk. The VY Capital, Draper Associates and Libertus Capital, Coinfund, Hypersphere, Skybridge, and Karatage also participated in the twist.
“These venture capital firms hold more than $ 400 million worth of Toncoin, which is the native cryptocurrency of Ton Blockchain.It to keep in mind that this is not a fundraising round. Instead, these VCs put their forecasts to the future success and utility of the toneladang blockchain, the ecosy ecosytemistem, Provide real world utility for crypto holders, especially inside the telegram, the spokesman told CoinDesk.
The TON price jumped more than 8% above $ 3.8 immediately following the announcement before the acquisition of some of the gains. The token price is 2% to the past 24 hours.
Tons of tons was originally developed by messaging the App Telegram, but continued as an independent operation due to regulatory concerns after the US Securities and Exchange Commission (SEC) lawsuit companies in 2020.
Telegram CEO Pavel Durov was arrested In France in August as part of a complaint on the lack of moderation and cooperation of Telegram in law enforcement. Durov Re -accessing access to his passport from the authorities earlier this month. The TON advanced 20% in the news.
Digital Asset Investment Firm Pantera Capital Says In May it made the “biggest investment ever” in tons, without disclosing the amount of investment. The token price has dropped 54% since June peak over $ 8.
