CandleFocus Toncoin (TON) Active Addresses Fall to 6-Month Low as Telegram Airdrops Hype Fades
2024-10-23
Author: Content Editor
The number of active addresses on the Toncoin (TON) blockchain has dropped to its lowest level since April. This decline can be attributed to user dissatisfaction with the value of the airdropped tokens and a decrease in short-term holders. This shift in sentiment may negatively impact Toncoin's price, which is currently at $5.18. The Chaikin Money Flow (CMF) indicator suggests a potential bearish outlook, with a possible decrease to $4.46. However, upcoming Telegram airdrops in October could potentially increase demand and rally the price to $6.20.
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