Last week, I broke the scoop that Pantera Capital was raising money for a second investment in the TON token, shortly after making its largest investment in its 21-year history in the token earlier this year. Upon further investigation, I found out Pantera Capital wasn't alone in this.

Kingsway Capital's biggest token holding to date is also the TON token, its founder and CEO Manuel Stotz revealed to me (not previously reported). Kingsway started buying the TON token well before Pantera, over two years ago, Stotz said.

Ryze Labs, formerly Sino Global Capital, is also heavily invested in the TON token. Its founding and managing partner, Matthew Graham, disclosed to me (again, not previously reported) that Ryze has been a "large buyer" of the TON token "for some time …