TON Price Surges Following $400M Investment from VC Firms
On March 20, the TON Foundation revealed that several prominent venture capital firms had invested more than $400 million in Toncoin.
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As a result, the news triggered a spike in TON’s market price. On March 20, Toncoin (listed on WhiteBIT) peaked at $3.90 before correcting to $3.62 at the time of writing (likely due to profit-taking by traders who had previously been affected by the earlier market dip).
Investments from Leading VCs
According to an announcement on X, the TON Foundation confirmed that top VC firms, including Sequoia Capital, Ribbit Capital, Benchmark, Draper Associates, Kingsway, Vy Capital, and others, purchased more than $400 million worth of Toncoin.
Moreover, the foundation clarified that this move was not a traditional funding round. Instead, the firms made a strategic investment to support the growth of its technology and ecosystem.
The TON team is the best in the world at the intersection of consumer product thinking and crypto infrastructure. When you combine this with the global distribution of Telegram, we’re very excited to see where they go,
said Shaun Maguire of Sequoia Capital.
Read more: Pavel Durov Leaves France: TON Token Surges 18%
TON Ecosystem Expansion
The TON blockchain, which began as part of Telegram's development initiative, now functions as an independent network. It supports the creation of mini-apps within the Telegram ecosystem, seamlessly integrating crypto transactions into users' everyday activities.
Furthermore, the TON Foundation plans to bring up to 30% of Telegram’s active user base onto the platform over the next three years.
Related: TON Now Telegram’s Official Blockchain for Mini-Apps
Telegram’s user base, which is expected to grow to over 1.5 billion through 2030, creates an unprecedented opportunity in the history of humanity to provide ubiquitous financial flows that have been limited until now to information flows, TON provides the backbone for human-scale democratization of financial activity,
said Peter Fenton of Benchmark.
Additionally, interest in TON is fueled by its application of blockchain technology in financial services, payment systems, and gaming. This growth demonstrates that innovative solutions can find practical use in everyday services.
The news also reinforces that the crypto sector continues to capture the attention of both investors and the general public.
Related: TON Core’s H1 2025 Roadmap Released
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