CandleFocus The Open Network (TON) Explodes in Growth, Hits 100 Million Holders
2024-10-09
Author: Content Editor
The Open Network (TON) has experienced significant growth, with its holder count reaching 100 million from 4.3 million at the beginning of the year. This growth can be attributed to the popularity of TON's gaming tokens, such as Hamster Kombat, which have attracted millions of Telegram users to the crypto space. The rising number of holders indicates increasing interest in TON and its offerings, demonstrating the network's potential and ability to attract a diverse user base. However, the market for Toncoin is volatile, with recent liquidations and a high percentage of holders at a loss. Concerns also exist regarding the concentration of wealth among large holders and potential price manipulation. The correlation between Toncoin and Bitcoin is moderate, and there is a significant number of recent holders, suggesting potential price volatility. Overall, caution is advised for traders, and readers should exercise caution and conduct their own research before taking any action.
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