CandleFocus Toncoin (TON) Whales Wake Up, Move $7.9 Billion in 24 Hours
2024-11-01
Author: Content Editor
Toncoin (TON) whales have shown a resurgence in activity, with a 90.78% increase in large transaction volume over the past 24 hours. This is in contrast to a drop in volume for other top 10 coins. TON whales have registered a total of $7.94 billion in transactions, surpassing Ethereum's volume of $5.7 billion. Despite shedding some gains, the Toncoin ecosystem is growing with increased transaction volume and daily active addresses. If momentum continues, TON's price may surpass the $5 resistance level and reach new highs. However, the TON blockchain protocol needs to innovate and launch new projects with innovative use cases to attract more attention and drive long-term adoption. TON is currently striving to retest its all-time high of $8.24.
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