Compass Investments

$TON

More than 68% of Toncoin (TON) supply is held in the wallets of large holders.

- Toncoin is trading near meaningful support at $ 2.80 after a 65% collapse from ATH, implying significant losses for recent investors.

Whales control over 68% of TON's supply, while long-term holders hold less than 20%, raising concerns about sustainability and volatility.

Despite the decline in the number of active wallets per day, TON's integration with Telegram makes it promising for long-term use in the predominantly #Web3 space.

#Toncoin (TON), the native cryptocurrency of The Open Network (TON), stands out among #altcoins due to its deep integration with Telegram, which has over a billion daily users. Despite this strategic advantage, #TON has lost over 60% of its value from its all-time high.

The data shows that TON is having trouble regaining user interest after the tap-to-earn trend faded.

According to CoinMarketCap, over 68% of Toncoin's total volume is held on whale wallets. This disproportionate distribution is alarming, increasing the risk of price volatility caused by large transactions by large holders.

Toncoin (TON) supply distribution structure. CoinMarketCap.

In addition, less than 20% of TON holders hold their tokens for more than a year. This low percentage of long-term holdings hints that most investors are speculating on short- and medium-term price fluctuations rather than making long-term investments.

Such volatility may discourage new investors, who often favor tokens with wider distribution, a strong base of long-term holders, and less exposure to selling pressure from whales.

Over the past year, TON's price has dropped more than 65%, from $ 8.20 to $ 2.84.

  transscreen.ru/en/news22902