In the last 24 hours, Toncoin (TON) has shown more than a 3.5% increase in the cryptocurrency market. Nevertheless, 96% of TON addresses continue to run at a loss, a stark contrast from earlier this year.
Current Market Situation of Toncoin
IntoTheBlock data reveals substantial losses among TON holders, with 96% of addresses 'out of money'. The past 7 days saw $36.77 million in net outflows, mainly from large holders representing 96% of total addresses. Over the last week, TON briefly dropped below the $2.40 support level but soon rebounded to $2.39. Currently, TON is trading at $2.66, reflecting a 4.77% increase over the last 24 hours, according to CoinMarketCap.
How Toncoin Reached Its Current Position
Interestingly, in May 2024, TON entered the world's top 10 digital assets by market capitalization, reaching over $20 billion. This was largely due to mass adoption in the crypto space, particularly among Telegram users. However, since the start of 2025, TON's volatility has not reignited investor interest, now ranking 21st.
Future of Toncoin: What to Expect?
Toncoin's current instability raises concerns among community members. The key question remains whether the Toncoin ecosystem can halt the losses and initiate a price rediscovery.
While Toncoin faces challenges, its ability to recover as it has in the past may attract new investors. However, market uncertainty demands attention and caution.
