{"id":18294,"date":"2025-03-20T15:34:37","date_gmt":"2025-03-20T15:34:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18294"},"modified":"2025-03-20T15:34:37","modified_gmt":"2025-03-20T15:34:37","slug":"ton-jumps-as-foundation-says-vc-firms-invested-400m-in-the-token","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18294","title":{"rendered":"TON Jumps as Foundation Says VC Firms Invested $400M in the Token"},"content":{"rendered":"
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Toncoin (TON<\/a>), 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.<\/p>\n

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.<\/p>\n

“These venture capital firms hold over $400 million worth of Toncoin, which is the native cryptocurrency of the TON Blockchain.It\u2019s 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 Telegram spokesperson told CoinDesk.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Telegram CEO Pavel Durov was arrested<\/a> 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<\/a> from authorities earlier this month. TON surged 20% on the news.<\/p>\n

Digital asset investment firm Pantera Capital said<\/a> 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.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18294","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18294"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18294\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}