Toncoin Surges 4% After MEXC Ventures Invests 8 Figures to Support TON Ecosystem

Toncoin (TON) surged 4% after receiving an 8-figure investment from MEXC Ventures.

The investment will support TON-based projects like Megaton Finance, TONPlay, Fanzee, and Sonet.

MEXC exchange will offer 0% trading fees for Toncoin and plans to launch a TON lending service.

Toncoin saw gains last quarter while Bitcoin and Ethereum declined, partly thanks to the TON Believers Fund.

The TON Believers Fund has raised $1.47 billion worth of TON, locking up 19.9% of the supply.