Ribbit presyoRIBBIT

see you in the Ribbit Hole:

@mickymalka @crossmint see you in the Ribbit Hole ( @ribbita2012 dedicated Topic in our @Base trenches)

$TIBBIR PRINTING THE RIBBIT CAPITAL CANDLE.🔥🐸 100M BY APRIL 1 IS OFFICIALLY FUD

💎 NEW: TON Foundation raised over $400M through Toncoin sales, with backing from major VC firms like Sequoia Capital, Ribbit, Benchmark, and Draper Associates. The foundation aims to onboard 30% of active Telegram users to the TON blockchain within the next three years.

TON Foundation has secured over $400 million in token-based investments from some of the most reputable venture capital firms. Editor’s note: This article has been updated to clarify that the $400 million figure represents a token-based investment in Toncoin, not a traditional funding round and includes a statement from a TON spokeperson. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway. The investment reflects increasing institutional interest in TON’s infrastructure and its ability to scale financial applications within Telegram’s ecosystem. “These venture capital firms hold over $400 million worth of Toncoin, which is the native cryptocurrency of the TON blockchain. By ‘token-based investment,’ we mean that the funding is provided in the form of Toncoin, rather than traditional equity or cash. It’s 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.” -TON spokeperson TON’s close relationship with Telegram has become a major growth driver. Earlier this year, TON became the underlying blockchain for Telegram’s Mini Apps Ecosystem, allowing developers to create integrated financial services and interactive experiences for Telegram’s massive user base of over 1 billion monthly active users. This connection has generated signifcant growth that has attracted investor attention. Specifically, the press release notes the number of active accounts on the TON network has increased from 4 million to 41 million in the past year. Also, the number of Toncoin ( TON ) holders totals 121 million which is larger than the total number of Bitcoin wallet holders. TON Foundation now aims to engage 30% of Telegram’s active users — approximately 450 million people — by 2028. The strategy involves expanding decentralized finance tools, multiplayer mini-games, and in-app payment solutions, while also introducing on-chain collectibles and rewards. The $400 million token-based investment is expected to drive further growth for TON by funding user acquisition, developer incentives, and product development. As Telegram’s reach expands, TON’s position as the backbone for financial services within the platform could solidify its role as a major player in the blockchain space. “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, partner at Sequoia Capital.