Toncoin (tone), the native token of the blockchain of your adjacent of Telegram, increased Thursday while the organization of the ecosystem, the open network foundation, said that several venture capital companies had 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, Hypersphere, Skybridge and Karatage also participated in the round.
“These venture capital companies hold more than $ 400 million in Toncoin, which is the native cryptocurrency of the Blockchain ton. Coindesk.
The price of your jumped more than 8% greater than $ 3.8 immediately after the announcement before repairing some of the gains. The price of the token was 2% up in recent 24 hours.
The Ton network was initially developed by Messaging App Telegram, but continued as an independent operation due to regulatory concerns after the company has settled legal action by the Securities and Exchange Commission (SEC) of the United States in 2020.
The CEO of Telegram, Pavel Durov, was arrested in France in August as part of a complaint on the lack of moderation and cooperation of Telegram with the police. Durov resumed access to his Passport by the authorities at the beginning of the month. Your jumped 20% on the news.
The digital asset investment company, Panttera Capital, said in May that it had made its “greater investment of all time” in tone, without disclosing the value of the investment. The price of the token has been down 54% since its peak in June greater than $ 8.
