The post Toncoin Bulls Eye $4.6 as VC Firms Pour $400M into TON appeared on BitcoinEthereumNews.com.

Institutional investment fuels bullish sentiment, strengthening Toncoin’s long-term market confidence. Technical indicators and rising open interest suggest a potential rally toward $4.62. The TON cryptocurrency maintained a market value of $3.90 on Monday after growing nearly 6% throughout the past week. TON Foundation witnessed major success after it obtained a $400 million investment from notable venture capital investors in March. A significant investment totaling $400 million displays institutional excitement about the network which reinforces positive price projection. The technical indicators, together with open interest data, point toward an upward price movement of TON that may reach $4.60. According to Crypto News Flash, Toncoin (TON) attracts rising investor attention because of its high open interest delta, along with increasing whale stake decisions and a significant upcoming roadmap for 2025. Institutional Backing Strengthens Market Confidence On Thursday, the TON Foundation disclosed that major venture capitalist firms like Sequoia Capital and others, including Benchmark and Ribbit Capital, successfully purchased over $400 million worth of Toncoin alongside Draper Associates together with Vy Capital and Kingsway and collectively with CoinFund and Hypersphere. The funding round led by the foundation has secured multiple prominent investors who established this transaction as a major institutional crypto investment in the market during the past few years. Investors used Toncoin tokens to support the funding round as they demonstrated their direct belief in how the tokens operate in the ecosystem and their intrinsic value. According to analysts, this funding model cuts out traditional legal financial channels, which allows direct investment growth in the network. The recent investment round indicates a possible return of institutional crypto sector involvement because venture capital activity has experienced a steady decline during the last two years. Sure, investment in Toncoin without equity reduces the time span for capital to reach practical implementation while strengthening the…

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Filed under: News - @ March 31, 2025 8:23 pm