Following Pantera Capital's disclosure of investing in TON tokens, Kingsway Capital founder and CEO Manuel Stotz also revealed that the organization's largest holding of tokens to date is TON, and the venture capital firm began buying TON tokens two years ago (earlier than Pantera Capital). Additionally, Ryze Labs (formerly known as Sino Global Capital) has also invested heavily in TON tokens, with its founder and managing partner Matthew Graham stating that Ryze Labs has always been a "big buyer" of TON. Furthermore, Yat Siu of Animoca Brands stated that he purchased the token when the TON price was below $1 and continued to buy it at $1, $1.5, and $2.