Toncoin (Ton), a cryptocurrency closely linked to the telegram, has recently been in the news due to a significant activity among its largest headlines, often called “whales.”
These main investors have been actively accumulating ton, a trend that usually indicates an optimistic feeling and potential price increases.
However, despite this greater activity, the price of Toncoin remains frustratingly stagnant, showing a limited upward movement even when the whales continue to accumulate in large volumes.
The situation reveals a complex landscape for Toncoin, where a clear division between the investors upward whales and the short -term holders creates contradictory pressures on its price.
This clash has resulted in a price confrontation, with substantial holdings by changing hands without a corresponding increase in market value.
The dynamic within the Ton market sheds light on how the behaviors of the different groups of investors can collectively influence the stability of the currency, or the lack of it.
In this article, we explore recent trends in the activity of Toncoin whales, the continuous challenges raised by the short -term holders and the current prices perspectives for Ton, since it looms in a precarious position.
From high value transactions to changes in the feeling of the market, these ideas paint a more complete image of what can be the next for Toncoin and if it can leave its current price fall.
Toncoin whales in accumulation mode
In recent weeks, the great headlines of Toncoin, or “whales” have accumulated constantly, with Netflow increasing abruptly by 131.63% in the last seven days.
Netflow, a key metric, tracks the purchase and net sale of substantial headlines, those with addresses that have at least 0.1% of the circulating supply of the Token.
A positive increase indicates that whales are buying more than they sell, often considered an upward indicator, since it suggests confidence among the main investors that the Toncoin value can soon increase.
Intotheblock data support this trend, demonstrating that the daily volume of Toncoin transactions valued between $ 1 million and $ 10 million has increased by almost 94% in the last month.
Even larger transactions, exceeding $ 10 million, have also seen an increase of approximately 67%, which underlines the intensified interest of high value investors.
While the whale activity is growing, short -term headlines (STHS) have quickly been selling, adding descending pressure to Toncoin’s price.
From this writing, Toncoin is currently quoted at $ 5.10 Toncoin/USDT In Gate.io.
According to Intotheblock, the duration of possession among these short -term investors has decreased by 29% in the last month, indicating that those who have Toncoin for less than a month are increasingly downloading their tokens before.
They are often known as “paper hands”, it is more likely that short -term holders are sold with the first sign of uncertainty, which can further force the price, especially if they have a substantial portion of the circulating offer.
This rapid sale of STHS has been a significant factor in the recent 10% decrease in Toncoin, since the additional offer of short -term sales limits the price recovery potential.
Will they reach the new minimums?
From this writing, Toncoin is priced at $ 5.10 In Gate.io, but the decrease in purchase pressure suggests that it could visit the minimum of September 6, $ 4.46 again, which implies a possible decrease of 13% of its current price.
In a more optimistic note, a substantial increase in demand could allow Tancoin to challenge its resistance closer to $ 5.26.
If you break this level, Ton can point to the next resistance at $ 5.91, preparing the stage for a rally at a maximum of two months of $ 6.36.
In summary, while the accumulation of whales suggests confidence of the main holders, the persistent sale of short -term investors continues to restrict Tancoin’s price potential.
The rise of ton
Toncoin (Ton) and the ton of Blockchain, known as the open network, have a unique history of intertwined with telegram, the widely popular messaging platform.
The concept of Ton was first introduced in 2017 by the founders of Telegram, Nikolai and Pavel Durov, who imagined a decentralized network capable of promoting a new generation of applications on the Internet, ranging from payments to social networks.
This initiative was innovative because Telegram was one of the first main platforms that considered to incorporate a cryptocurrency ecosystem, attracting significant attention of users and investors.
Ton’s goal was ambitious: To create a scalable and safe block chain capable of handling millions of transactions per second.
The Ton Blockchain proposed several innovative features, including a multi -layer structure, fragments for efficient transaction processing and a unique consensus mechanism called participation test (POS) to guarantee high speed validation.
The Ton design aimed at many of the scalability problems faced by previous blockchains, which allows it to serve as a basis for decentralized applications (DAPPS) and services within the telegram ecosystem and beyond.
However, the early development of Ton faced setbacks, especially regulatory challenges.
Telegram initially raised $ 1.7 billion through a private offer of initial currencies (ICO) in 2018 to finance the development of the network.
But in 2019, the United States Securities and Securities Commission (SEC) considered that the sale of Ton Gram tokens was an offer of unregistered values, stopping the direct participation of Telegram in the project.
In 2020, after a long legal battle, Telegram was forced to withdraw from the Ton project, and the platform code was launched as open source.
This setback did not spell the end for ton.
A group of independent developers, who call themselves the community of Ton Free, took over the project, changing it as the open network.
Under community administration, Ton continued to develop, launching new characteristics, applications and initiatives.
In 2021, the network changed the brand of its native cryptocurrency such as Toncoin (Ton), and the block chain has seen constant growth, with an increase in adoption volumes and transactions, largely driven by the growing user base Telegram and renewed interest in blockchain solutions that make up with social platforms.
Today, Ton aims to meet its original vision feeding a range of applications linked to telegrams, including games, decentralized finances (Defi) and D-Toto-Oarn applications, with Toncoin as token of the network utility.
Although its path has not been conventional, the development promoted by the Ton community has allowed it to gain traction, distinguishing it as one of the few blockchain projects born from an important social media platform and sustained by a community of resistant and innovative developers.
