Pantera Capital wants to establish a second investment fund in Toncoin (TON)
Just shortly after making the largest investment in the fund's history in Toncoin (TON), Pantera Capital is in the process of calling for more capital to continue investing in this cryptocurrency project.
The new investment fund will be called "Pantera TON Investment Opportunity", with the sole purpose of increasing the number of TON tokens held. The deadline for investors to register to join the fund is June 21, with the initial amount Minimum investment is 250,000 USD.
Previously, in early May, Pantera Capital said it had allocated an undisclosed amount of money into TON, but asserted that this was the largest investment in the fund's history. The Block confirmed that Pantera acquired a large amount of tokens at a discount compared to the market price, but was subject to a long lock-up period.
Mr. Ryan Barney, a manager at Pantera, commented: “We believe the TON network is still in its early stages, and we look forward to its adoption and ecosystem development based on the user community. Telegram availability.”
In addition, the network is also witnessing the rise of game applications such as Notcoin (NOT) and Hamster Kombat with tens of millions of players every day, but the possibility that most of these are just bots cannot be ruled out.
TON is one of the few big cap coins that has not been affected too much by the correction of the cryptocurrency market in recent days while remaining stable around the price range of 7 USD. Toncoin's market capitalization is currently 17.4 billion USD, the 9th highest in the world.
