Cryptocurrency analytics firm CryptoQuant has analyzed The Open Network (TON) and found that there has been a significant decline in Total Value Locked (TVL) across different markets, indicating investors exiting their positions. However, CryptoQuant suggests that this pullback could be seen as a buying opportunity for whales, as historically large investors tend to accumulate assets when sentiment is low. Additionally, the Staking TVL Ratio has started to rise again, indicating that many investors still have long-term confidence in TON and are staking their tokens rather than selling them. This pattern suggests the possibility of a recovery phase for TON.



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