Many institutions are optimistic about TON's performance. TON is the largest number of tokens held by Kingsway Capital to date.

Odaily News Manuel Stotz, founder and CEO of Kingsway Capital, revealed that the largest token held by Kingsway Capital so far is TON, and it started buying TON more than two years ago. Not only that, many investment institutions are also optimistic about TON. 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 always been a "big buyer" of TON; in addition, Yat Siu of Animoca Brands said that he had previously purchased the token when the price of TON was less than $1, and then continued to buy it at $1, $1.5 and $2; Will Nuelle, general partner of Galaxy Ventures, also expressed long-term bullish sentiment on TON tokens, saying that it has the potential to facilitate payments between a large user base and future financial applications through the Telegram application. (THE BLOCK)