Toncoin (TON), the native token of the TON blockchain, surged 4% in the last 24 hours, topping the crypto market’s gains on Thursday.

Bitcoin (BTC) and Ethereum (ETH) traded at par with yesterday’s price at 27,641 and 1,634 respectively, per CoinGecko data.

Yesterday’s rise in TON token’s value comes on the heels of an investment raise by MEXC Ventures and sustained positive momentum from the last quarter.

MEXC Ventures, the investment arm of MEXC exchange, announced an “eight-figure funding into Toncoin,” implying an investment north of $10 million into the TON ecosystem.

This investment will support various TON-based projects, including Megaton Finance, TONPlay, Fanzee, and Sonet.

MEXC exchange will also provide marketing services, of

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Author: Nivesh Rustgi

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