Altcoins News
By James Thorp
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Toncoin (TON) has witnessed a notable increase in whale accumulation even as a significant portion of its holders remain in the red.
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Since 2021, the top 100 whale addresses on the Toncoin network have steadily increased their holdings, reflecting strong confidence in the asset’s long-term potential.
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At the same time, data from IntoTheBlock reveals that 71.28% of Toncoin holders are currently profitable, while about 11.52% are underwater, limiting immediate selling pressure.
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Toncoin’s transaction activity is also expanding across a broad range of investors, from retail to institutional levels.
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Meanwhile, the derivatives market for TON has experienced a marked rise. Volume increased by nearly 15% to reach $174.86 million, while open interest rose 4.28% to $230.72 million.
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Notably, the Binance liquidation heatmap shows significant short liquidation clusters around the $3.31 and $3.50 resistance levels.
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Toncoin’s price has been consolidating within a symmetrical triangle pattern, oscillating between a resistance of $3.505 and support at $3.097.
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In conclusion, despite the fact that a large percentage of holders are still at a loss, the ongoing whale accumulation combined with rising speculative interest favors a bullish…
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Overall, current indicators suggest that whales are preparing for an upside continuation rather than exiting their positions.
The Currency Analytics
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