After Pantera Capital disclosed its investment in TON tokens, Manuel Stotz, founder and CEO of Kingsway Capital, also revealed that the institution's largest holdings of tokens to date are also TON, and the VC started buying TON tokens as early as two years ago (before Pantera Capital). Not only that, Ryze Labs (formerly Sino Global Capital) has also invested heavily in TON tokens. Its founding and managing partner Matthew Graham said that Ryze Labs has been a "big buyer" of TON. In addition, Yat Siu of Animoca Brands said that he bought the token when the TON price was below $1, and then renewed it at $1, $1.50 and $2.