CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-03-20 15:26:20

TON Jumps as Foundation Says VC Firms Invested $400M in the Token

Toncoin ( TON ), the native token of the Telegram-adjacent TON blockchain, spiked on Thursday as ecosystem organization The Open Network Foundation said several 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. Vy Capital, Draper Associates and Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage also participated in the round. "These venture capital firms hold over $400 million worth of Toncoin, which is the native cryptocurrency of the TON Blockchain.It’s important to note that this is not a fundraising round. Instead, these VCs are placing their bets on the future success and utility of the TON Blockchain, its growing ecosystem, and its potential to provide real-world utility for crypto holdings, especially within Telegram," a Ton Foundation spokesperson told CoinDesk. TON's price jumped over 8% above $3.8 immediately following the announcement before paring some of the gains. The token's price was 2% up over the past 24 hours. The TON network was originally developed by messaging app Telegram, but continued as an independent operation due to regulatory concerns after the company settled a lawsuit by the U.S. Securities and Exchange Commission (SEC) in 2020. Telegram CEO Pavel Durov was arrested in France in August as part of a complaint on Telegram's lack of moderation and cooperation with law enforcement. Durov regained access to his passport from authorities earlier this month. TON surged 20% on the news. Digital asset investment firm Pantera Capital said in May it made its "largest investment ever" in TON, without disclosing the value of the investment. The token's price is down 54% since its June peak above $8.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta