Toncoin

<ul><li>Toncoin whales control transactions, influencing market sentiment and price dynamics.</li><li>Transactions over $1 million reached $1.3 billion, impacting Toncoin&#39;s price positively.</li><li>Despite a slight 4.36% downturn, Toncoin exhibits signs of bullish momentum in the short term.</li></ul>Whales are making waves in the Toncoin (TON) ecosystem, orchestrating transactions worth over $1 billion in recent movements as highlighted by <a href="https://x.com/joao_wedson/status/1791668924829913238" rel="noopener noreferrer nofollow">Joao Wedson</a>, Founder &amp; CEO of DominandoCripto. This substantial activity, largely controlled by the biggest players in the network, is reshaping the landscape of Toncoin and its market dynamics.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/85802c28bace4d57b3e38c181b367305.png" />The distribution of transactions on the Toncoin blockchain unveils intriguing insights into the network&#39;s operation. While transactions ranging from 0 to 100<a href="https://cryptotale.org/toncoin-market-cap-tops-20b-despite-recent-7-day-price-decline/" rel="noopener noreferrer nofollow"> TON</a> comprise 99% of all transactions, their impact remains relatively subdued, moving only around 4 to 5 million TON on the blockchain.However, transactions spanning between 100,000 and 1 million TON dominate the volume, recently peaking at 135 million TON, constituting a staggering 53% of the total volume. Transactions surpassing 1 million TON, though fewer in number, still command a significant share, contributing 30% to the total volume.<a href="https://cryptotale.org/toncoin-whales-shake-crypto-markets-with-1-billion-transactions-surge/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Toncoin Whales Shake Crypto Markets with $1 Billion Transactions Surge

CryptoTale

Other articles published on May 18, 2024

Where May the Worldcoin Head Next? Does It Show Signs of a Fall?

Stablecoin Showdown: Tether vs. EU Regulations

Cardano (ADA) Price Surges to $0.49, Bullish Turnaround?

SEC’s Spot Ether ETF Decision Pending; How It Affects ETH Investors?

Gambling Cat (GAMBCAT) Will Skyrocket 14,000% Ahead of KuCoin Listing, As Shiba Inu and Dogecoin ...

Former Trump Ally Anthony Scaramucci Foresees More Pension Funds Investing In Bitcoin: 'We Are St...

Join our free newsletter for daily crypto updates!