The crypto market, including Bitcoin, showed a bullish outlook during Monday's trading session. However, an analysis of Toncoin's onchain data reveals concerning figures for investors. Currently trading at $3.82, 95% of Toncoin holders are at a loss, with only 4% in profit and 1% at break-even. This could lead to panic selling and make a recovery difficult. Additionally, 91% of Toncoin's supply is concentrated among large holders, indicating a potential centralization risk. The majority of holders have also held their TON for less than a year, contributing to higher volatility. The recent correction has led to a 48% loss in Toncoin's price, and it has breached the support at $4.5. The current trading price seeks support at a long-term trendline, and a potential bounce could restore recovery sentiment. However, a breakdown below the trendline could drive a prolonged correction.



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