Pantera’s $1B Crypto Fund: A Solana-Centered Guess?

• Pantera Capital is elevating over $1 billion for a brand new crypto fund.
• The funding firm is channeling funds in direction of an infrastructure play on Solana.
• VCs goal Solana-based tasks together with HNT, HONEY, W, and JUP.

Pantera Capital is elevating over $1 billion for a brand new crypto fund, Pantera Fund V. Crypto analyst and host of the Uncover Crypto YouTube channel sees this as a bullish signal for Solana and the altcoins concerned. The analyst identified that Pantera Capital offers buyers publicity to startup fairness, early-stage tokens, and liquid tokens.

In a podcast, the host famous that Pantera Capital goes past shopping for crypto property and ready for his or her costs to extend. In response to the analyst, the funding firm is channeling funds in direction of an infrastructure play on Solana. He linked the most recent course of to the agency’s earlier funding transfer, Pantera Discover IV, the place the corporate purchased Solana, conditioning buyers to a vesting interval of as much as 4 years.

Contemplating the fund’s funding sample, the analyst believes Pantera would assist Solana and the builders in its ecosystem to make sure progress. He expects Pantera and different Enterprise Capitalists (VC) to maintain investing within the Solana ecosystem. It’s price noting that Pantera V requires a minimal deposit of $1 million, with restricted companions wanted to speculate not less than $25 million.

Helium (HNT)

The analyst additionally seen different VCs, together with Andreessen Horowitz who just lately invested $7.2 billion within the Solana ecosystem. The VC put the invested funds into altcoins like Helium (HNT) whose market cap has numerous room to develop earlier than reaching a brand new all-time excessive (ATH). Uncover Crypto’s host famous that HNT was beforehand valued at over $5 billion however at the moment sits barely above a $1.2 billion valuation.

In the meantime, the Helium group is rolling out updates to enhance the community and fairly a number of of the well-known carriers working with the blockchain protocol. The analyst believes these developments will assist HNT’s progress sooner or later.

Hivemapper (HONEY)

Hivemapper (HONEY) joins the analyst’s record of potential bullish performers within the Solana ecosystem, due to the venture’s plan to tackle Google and Apple maps. He thinks the venture’s concept of rewarding drivers who present driving information is a technique that would assist them succeed. HONEY has tokenomics that the analyst believes will assist the venture management inflation and encourage the token’s progress.

Wormhole (W)

The analyst additionally highlighted Wormhole (W) as one other potential performer, with the venture claiming a number one place within the bridge-play sector of the blockchain ecosystem. Regardless of Wormhole’s present bearish outlook, the analyst believes common merchants will push the value again up after the airdrop hunters go away the market.

Jupiter (JUP)

The host additionally sees Jupiter (JUP), the Solana-based DEX aggregator, as a possible gainer sooner or later. He believes Jupiter would profit from the charges it could generate from all of the transactions occurring on the Solana community to develop, leading to a major rally for its native token, JUP. The analyst in contrast JUP to UNI, the native token of Uniswap, an Ethereum-based DEX. UNI’s valuation reached over $20 billion within the final bull cycle, a goal the analyst believes JUP can obtain.