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The Toncoin price plunged below $5, marking a five-month low. The amount of holders at a loss has significantly increased.&nbsp; 
Toncoin (<a rel="" href="https://crypto.news/price/toncoin/">TON</a>) dropped 4% in the past 24 hours and is trading at $4.6 at the time of writing. This price level has not been seen since late March. Following the price fall, TON’s market cap declined to $11.6 billion, putting it behind Cardano (<a href="https://crypto.news/price/cardano/" target="_blank">ADA</a>) as the 12th-largest cryptocurrency. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/09/TONUSDT_2024-09-05_12-50-00.png" alt="TON falls to 5-month lows, 86% of holders seeing losses - 10" class="wp-image-14296083">
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 TON price – Sept. 5 | Source: <a href="https://crypto.news/price/toncoin/" target="_blank">crypto.news</a>
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</figure> 
The asset’s daily trading volume also decreased by 18% and is currently hovering at $300 million. 
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According to data provided by IntoTheBlock, 86% of TON holders, accounting for 45.4 million addresses, are currently facing increased losses. 8.3 million wallets accumulated the asset for an average price of $7.5. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1555" height="460" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-05-124404.png" alt="TON falls to 5-month lows, 86% of holders seeing losses - 11" class="wp-image-14296084">
 <figcaption class="wp-element-caption">
 TON holders’ profit/loss – Sept. 5 | Source: <a href="https://app.intotheblock.com/coin/TON/quick-view" target="_blank">IntoTheBlock</a>
 </figcaption>
</figure> 
At this price point, only 9.2% of the TON holders, around 4.9 million addresses, are still in profit despite the price fall, per data from ITB. The remaining holders are currently in a neutral zone with either a small profit or loss. 
Data from ITB shows that the number of Toncoin’s <a href="https://crypto.news/tron-toncoin-daily-active-addresses-surge-amid-price-fall/" target="_blank">daily active addresses</a> increased by 5.3% over the past day, leading the chart with 3.19 million unique wallets.&nbsp; 
<a rel="" href="https://crypto.news/toncoin-price-steadies-with-durovs-release/">Ton</a><a href="https://crypto.news/toncoin-price-steadies-with-durovs-release/" target="_blank">coi</a><a rel="" href="https://crypto.news/toncoin-price-steadies-with-durovs-release/">n</a> witnessed a total of $27.24 million in net outflows from centralized exchanges over the past week. This shows that the number of investors accumulating the asset is still dominating short-term traders. 
Notably, only 5% of <a href="https://crypto.news/new-wallet-drainer-targets-growing-blockchain-ecosystems-blockaid/" target="_blank">TON</a> addresses have been holding the asset for over a year, according to ITB data. 62% have accumulated the token less than one year ago and 33% are traders with a holding time of less than one month. 
 Read more: <a rel="" href="https://crypto.news/spot-bitcoin-and-ethereum-etfs-see-2nd-consecutive-day-of-joint-outflows-streak/"> Spot Bitcoin and Ethereum ETFs see 2nd consecutive day of joint outflows streak </a>

TON falls to 5-month lows, 86% of holders seeing losses

crypto.news

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