Ton Coin has reached historically low prices, with a significant number of holders experiencing losses. However, market activity and changes in investor preferences suggest a potential turning point.
Most Ton Coin Holders Face Losses While Large Investors Control Supply
According to IntoTheBlock, 95% of Ton Coin holders are facing losses, with only 4% realizing profits while 2% remain break-even. Whale wallets command 91% of the supply, explaining price volatility.
High Activity Data and Exchange Outflows
In the past seven days, $29.93 billion transactions occurred while $10.12 million were withdrawn from exchanges, indicating long-term asset storage among investors.
Shift from Memecoins to Layer-1 Networks
According to Santiment, attention is moving away from memecoins like Dogecoin and Shiba Inu towards Layer-1 networks, including Bitcoin, Ethereum, and Toncoin.
Despite hitting historically low levels and high holder losses, the data suggests potential positive changes in market behavior around Ton Coin.
