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Pantera Doubles Down on TON

Pantera raises a second dedicated TON fund.
David C David C Jun 21, 20241 min read
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Pantera Doubles Down on TON

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.

In this article

Hamster Kombat Hamster Kombat TON TON

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David C

Written by David C

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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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