Toncoin (TON) Whale Holdings Climb To An All-Time High
The global cryptocurrency market has experienced a 15% decline in activity in the last 30 days, with the global market capitalization dropping by $2.37 trillion.
However, Toncoin (TON), the cryptocurrency linked to Telegram, has surged by 20% and its whales have increased their accumulation.
An on-chain assessment of TON whale activity revealed an uptick in the last month, with the count of TON whales holding between 1000 and 1,000,000 coins increasing by 15% in the last 30 days.
This cohort currently consists of 1,200 addresses, marking its highest level ever. Large holders of TON during rallies often signal strong confidence in the asset’s future potential and can support its sustained uptrend by creating additional upward pressure on the price.
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