Pantera Capital Makes Large Investment in TON, Potentially Reaching $250M

Bittime - Pantera Capital, a renowned investment firm, has reportedly made a significant investment in TON , a blockchain project developed by Telegram. The exact amount has not been disclosed, but estimates suggest it could exceed US$250 million, potentially making it the largest investment in TON's history.

SOL Purchase at Discount Fuels Speculation

This news emerged through an upload by a chain analyst with username  @ ai_9684xtpa via account The attribution period for this investment is reported to be four years.

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What is TON?

TON, also known as The Open Network, is a blockchain platform created by Telegram. It aims to be a decentralized and scalable network that can facilitate a variety of applications, including secure messaging, smart contracts, and decentralized storage. 

TON uses its native cryptocurrency, also called TON, to support transactions and incentivize network participants.

Related to Previous Statement by Pantera Founder

This information is consistent with previous statements made by Dan Morehead, founder of Pantera. Morehead recently announced that Pantera has made its largest investment in TON history. He further expressed his admiration for Telegram founder Pavel Durov and his vision for TON.

Source: @dan_pantera/X

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Big Commitment to TON

While the exact details surrounding TON Pantera's investment have not been disclosed, it is clearly a substantial commitment. This could potentially be a significant development for the TON blockchain project. Continue to monitor price movements and developments in TON to see the significant impact of this collaboration.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Pantera Capital Put Funds in TON, Simplify Transactions Between Users

Tether Shocks Crypto Markets with Latest Move to TON

Pantera Capital Drives TON Growth: Token Price Jumps 10%

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.