CandleFocus Toncoin (TON) Large Holder Activity Skyrockets 93%, What's Up?
2024-10-10
Author: Content Editor
TONcoin (TON) has experienced a surge in large-holder transactions, with over $8 billion being exchanged in a 24-hour period. The protocol has witnessed 1,960 large transactions, indicating its relevance in Tap-2-Earn gaming applications. The overall liquidity of the TONcoin ecosystem has also increased, with stablecoins on The Open Network surpassing a $760 million market cap. This liquidity is crucial for TON to compete in the layer-1 scaling solution ecosystem and attract retail adoption. The growth of the Tap-2-Earn game revolution has distinguished TON from other L1 outfits, leading to increased demand and attraction. Despite a drop in price, the influence of large token buyers in shaping the TONcoin market is expected to continue.
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