CandleFocus

Whale Activity Could Push Toncoin (TON) 27% Higher, But Risks Remain

Over the past week, there has been an increase in whale activity for the cryptocurrency Toncoin (TON), with large holders accumulating more tokens. This has led to a surge in demand and an increase in the value of TON. However, not everyone is optimistic about this trend. While the increased whale activity has driven up the price of TON in the short term, it could also lead to selling pressure if investors decide to take profits. On the other hand, the increased trading activity by whales may boost confidence among retail investors, leading to sustained price growth. If demand continues to rise, TON's price could increase by 27%, reaching $6.81. However, if selling pressure intensifies, TON's price may drop by 18% to $4.42.

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