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Pantera Capital is raising money for a new fund, "Pantera 
TON Investment Opportunity," to invest further in The Open Network (TON).
What's the scoop?
- Minimum Investment: The fund requires a minimum investment of $250K per backer, with interest forms due by June 21.
- Previous Investment: In May, Pantera announced its largest-ever investment in TON at a significant discount to the spot price.
- ON's Growth: The TON blockchain has experienced extraordinary growth this last year, with Tether's USDT adoption and popular Telegram gaming mini-apps on TON like
Hamster Kombat and Catizen driving usage.
Bankless Take
Pantera doubling down on their recent TON investment, right after the token made new all-time highs, certainly signals high conviction. And it makes sense, given the network’s activity with games like Hamster Kombat and Catizen reeling in an engaged user base and active users steadily increasing overall. Yet, it seems a little early to be doubling down on an investment made less than two months ago. Regardless, TON continues to grow, adding features for all kinds of onchain activity, from liquid staking to trading.
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