May 11, 2024 at 05:06 AM GST



updated:
May 11, 2024 at 03:40 AM



2 mins read



News

  • Pantera Capital’s undisclosed investment in TON propels the token’s price over 30%.
  • The integration plans between TON and Telegram blur the lines between messaging and blockchain.
  • The upcoming launch of Notcoin, a social gaming app within Telegram, drives anticipation with an airdrop event.

Toncoin (TON) is on a meteoric ascent following an investment from Pantera Capital, a renowned venture capital firm specializing in blockchain investments. This infusion of funds has driven TON’s price up by over 30% within the past week.


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Pantera Capital’s decision to allocate significant resources to the Toncoin ecosystem signifies its confidence in TON’s potential to become a mainstream cryptocurrency. While the exact amount of the investment remains undisclosed, industry insiders speculate that it could surpass Pantera’s previous $250 million investment in discounted Solana (SOL) tokens.

Pantera Capital expressed its rationale for heavily investing in TON, citing the platform’s seamless integration with Telegram. Pantera envisions TON leveraging Telegram’s user-friendly interface and massive user pool to establish itself as a dominant player in the crypto space.

The bullish sentiment surrounding TON is further fueled by a series of positive developments for the project. At the Token2049 conference in Dubai, Telegram co-founder Pavel Durov unveiled plans to integrate TON functionalities directly within the Telegram app. This includes features such as allowing users to log in to their Telegram accounts using crypto wallets.

As anticipation builds for the launch of a gaming project called Notcoin on May 16th, TON’s price surge has attracted attention.

Notcoin is a social gaming app operating within the Telegram platform, where users engage with a bot to earn a cryptocurrency called Notcoin. The forthcoming airdrop event for a new local cryptocurrency called NOT among Notcoin token holders further contributes to the excitement surrounding TON. 

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