Pantera’s $1B Crypto Fund: A Solana-Focused Bet?

• Pantera Capital is raising over $1 billion for a new crypto fund.
• The investment company is channeling funds towards an infrastructure play on Solana.
• VCs target Solana-based projects including HNT, HONEY, W, and JUP.

Pantera Capital is raising over $1 billion for a new crypto fund, Pantera Fund V. Crypto analyst and host of the Discover Crypto YouTube channel sees this as a bullish sign for Solana and the altcoins involved. The analyst pointed out that Pantera Capital gives investors exposure to startup equity, early-stage tokens, and liquid tokens.

In a podcast , the host noted that Pantera Capital is going beyond buying crypto assets and waiting for their prices to increase. According to the analyst, the investment company is channeling funds towards an infrastructure play on Solana. He linked the latest process to the firm’s earlier investment move, Pantera Find IV, where the company bought Solana, conditioning investors to a vesting period of up to four years.

Considering the fund’s investment pattern, the analyst believes Pantera would support Solana and the builders in its ecosystem to ensure growth. He expects Pantera and other Venture Capitalists (VC) to keep investing in the Solana ecosystem. It is worth noting that Pantera V requires a minimum deposit of $1 million, with limited partners needed to invest at least $25 million.

Helium (HNT)

The analyst also noticed other VCs, including Andreessen Horowitz who recently invested $7.2 billion in the Solana ecosystem. The VC put the invested funds into altcoins like Helium (HNT) whose market cap has a lot of room to grow before reaching a new all-time high (ATH). Discover Crypto’s host noted that HNT was previously valued at over $5 billion but currently sits slightly above a $1.2 billion valuation.

Meanwhile, the Helium community is rolling out updates to improve the network and quite a few of the well-known carriers working with the blockchain protocol. The analyst believes these developments will help HNT’s growth in the future.

Hivemapper (HONEY)

Hivemapper (HONEY) joins the analyst’s list of potential bullish performers in the Solana ecosystem, thanks to the project’s plan to take on Google and Apple maps. He thinks the project’s idea of rewarding drivers who provide driving data is a strategy that could help them succeed. HONEY has tokenomics that the analyst believes will help the project control inflation and encourage the token’s growth.

Wormhole (W)

The analyst also highlighted Wormhole (W) as another potential performer, with the project claiming a leading position in the bridge-play sector of the blockchain ecosystem. Despite Wormhole’s current bearish outlook, the analyst believes regular traders will push the price back up after the airdrop hunters leave the market.

Jupiter (JUP)

The host also sees Jupiter (JUP), the Solana-based DEX aggregator, as a potential gainer in the future. He believes Jupiter would benefit from the fees it would generate from all the transactions happening on the Solana network to grow, resulting in a significant rally for its native token, JUP. The analyst compared JUP to UNI, the native token of Uniswap, an Ethereum-based DEX. UNI’s valuation reached over $20 billion in the last bull cycle, a target the analyst believes JUP can achieve.