On August 29, according to Bloomberg, venture capital firms that have invested in Toncoin (usually with agreements not to sell for at least a year) are now trying to evaluate whether the French move against Pavel Durov will cause users to flee Telegram. Pantera bought TON at 40 per cent below market price, according to a person familiar with the matter, who spoke on condition of anonymity because the terms were confidential. The investment is still comfortably profitable at an average price of $6.32 when the deal was announced in May. Pantera has a one-year lock-up period after which it can sell TON in tranches over several years, the person said. In addition, Bloomberg said Pantera called Toncoin its largest investment, but did not disclose the exact amount. The TON Foundation said in an email that it had never raised money. Animoca Brands did not comment on its investment, and Mirana Ventures did not immediately respond to inquiries. Previously, it was reported that Pantera Capital announced its investment in TON on May 2 this year. Founder Dan Morehead said that his investment in Telegram's TON blockchain project was the largest in the history of the fund. Some analysts said that its investment amount will exceed at least $250 million.