Toncoin (Ton), the native token of the tons of tons adjusted telegram, shot Thursday as an organization of the ecosystem the Open Network Foundation said that several risk capital companies invested $ 400 million in the Token.
Investors include 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 risk capital companies have more than $ 400 million in Toncoin, which is the native cryptocurrency of the tons of blocks. It is important Telegram, especially for Telegram.
The Ton price increased more than 8% above $ 3.8 immediately after the ad before reducing some of the profits. The price of Token was 2% in the last 24 hours.
The Ton Network was originally developed by the Telegram messaging application, but continued as an independent operation due to regulatory concerns after the company resolved a demand by the United States Stock Exchange and Securities Commission (SEC) in 2020.
Telegram CEO, Pavel Durov, was arrested in France in August as part of a complaint about the lack of moderation and cooperation of Telegram with the police. Durov recovered access to his passport from the authorities earlier this month. Ton increased 20% in the news.
The Digital Asset Investment Firm Panther Capital said in May that it made its “greater investment” in Ton, without revealing the value of the investment. The price of Token has dropped 54% since its June peak above $ 8.
