Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

2025-05-23

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

2025-05-23

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22

    Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

    2025-05-22

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Toncoin’s Next Move: How Whales Can and Can’t Keep TON Bullish
Altcoins

Toncoin’s Next Move: How Whales Can and Can’t Keep TON Bullish

2024-09-01No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Market sentiment around the token has improved in recent days.
  • Whales showed confidence in TON as its accumulation increased.

The crypto market has witnessed a major setback lately, causing the prices of most cryptos to plummet. However, Tonmint [TON] seemed to outperform the rest as it managed to paint its daily card green.

But will this trend continue? Let’s find out.

Toncoin is turning green again

CoinMarketCaps facts revealed that Toncoin price has fallen by more than 5% in the past seven days. But things got better in the last 24 hours as the token seemed to recover.

At the time of writing, TON was trading at $5.39 with a market cap of over $13.6 billion, making it the ninth largest crypto.

The volatile price action left the majority of TON investors to bear losses. AMBCrypto’s look at IntoTheBlock’s data revealed that only more than 6 million TON addresses made profits, which accounted for just over 12% of the total number of TON addresses.

Source: IntoTheBlock

The price increase over the past 24 hours had a positive impact on the token’s sentiment. According to our look at Santiment’s data, TON’s weighted sentiment improved sharply.

This indicated that bullish sentiment surrounding it was increasing in the market.

However, social volume remained low, reflecting a decline in popularity.

TON's social volume decreasedTON's social volume decreased

Source: Santiment

Will TON remain bullish?

AMBCrypto then checked other data sets to find out the likelihood of TON remaining bullish in the coming days. According to our analysis, selling pressure on the token increased, which could depress its price.

See also  Bitcoin, Ethereum and Solana move synchronously - here is why it matters

This was evident from the increase in supply on trade fairs and a decrease in supply outside the trade fairs. The fact that investors sold TON was further determined by the spike in currency inflows.

TON's supply at top addresses increasedTON's supply at top addresses increased

Source: Santiment

In addition, TON’s long/short ratio also fell Mint glass. This suggested that there were more short positions in the market than long positions.

Nevertheless, the deep-pocketed players in the crypto space had confidence in TON as the supply of top addresses increased.

Furthermore, our analysis of Hyblock Capital’s data showed that Toncoin’s whale vs. retail delta had a value of 99.49. A value closer to 100 is bullish as it indicates that whales have longer exposure to the market.

Source: Hyblock Capital


Is your portfolio green? View the TON Profit Calculator


Since the whales had confidence in TON, AMBCrypto then checked the token’s daily chart. The technical indicator MACD showed a bearish advantage in the market. The Relative Strength Index (RSI) moved sideways, indicating a price decline.

Nevertheless, the Chaikin Money Flow (CMF) supported the bulls as it registered a rebound.

TonmintTonmint

Source: TradingView

Next: Solana to $110? THIS six-month pattern could be the key…

Source link

Bullish Move TON Toncoins Whales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

2025-05-23

Sam Altman’s Worldcoin collects $ 135 million – Wld -Toks jumps 15%

2025-05-22

Binance Coin: mapping BNBs away to $ 700 – how, when and what now?

2025-05-22

BTC -Price touches new ATH

2025-05-22
Add A Comment

Comments are closed.

Top Posts

SEC drops charges against Ripple executives

2023-10-19

FTM’s Two-Week Price Trend – Up 105%, But Will There Be a Pullback?

2024-12-07

Has Uniswap destroyed the basic principles of DeFi with this update?

2023-10-15
Editors Picks

Bitcoin Liquidations Top $500 Million Amid $1 Billion Crypto Decimation

2023-08-18

To the moon? Spot Bitcoin ETF inflows push BTC to a $1T market cap

2024-02-15

Commissioner Crenshaw warns SECs crypto -policy shift threatens market confidence

2025-02-28

NounsDAO’s Fork Sparks $27 Million ETH Withdrawal Surge

2023-09-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,866.12-0.35%
  • ethereumEthereum(ETH)$2,705.423.18%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.451.80%
  • binancecoinBNB(BNB)$687.740.59%
  • solanaSolana(SOL)$182.703.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2482253.35%
  • cardanoCardano(ADA)$0.834.39%
  • tronTRON(TRX)$0.2733460.98%
  • suiSui(SUI)$3.90-3.63%
  • hyperliquidHyperliquid(HYPE)$34.6313.67%
  • chainlinkChainlink(LINK)$16.973.36%
  • avalanche-2Avalanche(AVAX)$25.617.14%
  • stellarStellar(XLM)$0.3055802.53%
  • shiba-inuShiba Inu(SHIB)$0.0000163.65%
  • bitcoin-cashBitcoin Cash(BCH)$450.278.13%
  • hedera-hashgraphHedera(HBAR)$0.2061792.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.03%
  • polkadotPolkadot(DOT)$5.044.01%
  • the-open-networkToncoin(TON)$3.181.84%
  • litecoinLitecoin(LTC)$101.372.42%
  • moneroMonero(XMR)$388.11-2.23%
  • bitget-tokenBitget Token(BGB)$5.717.47%
  • pepePepe(PEPE)$0.00001612.86%
  • piPi(PI)$0.81-2.44%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • uniswapUniswap(UNI)$6.613.47%
  • bittensorBittensor(TAO)$467.48-0.32%
  • aaveAave(AAVE)$259.312.22%
  • nearNEAR Protocol(NEAR)$3.115.73%
  • aptosAptos(APT)$5.919.74%
  • ondo-financeOndo(ONDO)$1.033.33%
  • okbOKB(OKB)$52.94-0.46%
  • kaspaKaspa(KAS)$0.1165901.42%
  • internet-computerInternet Computer(ICP)$5.734.23%
  • ethereum-classicEthereum Classic(ETC)$19.761.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.27-1.45%
  • render-tokenRender(RENDER)$5.245.88%
  • gatechain-tokenGateToken(GT)$21.930.03%
  • crypto-com-chainCronos(CRO)$0.1006981.86%
  • vechainVeChain(VET)$0.0308963.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2534482.15%
  • mantleMantle(MNT)$0.773.46%
  • ethenaEthena(ENA)$0.4391117.01%
  • worldcoin-wldWorldcoin(WLD)$1.5422.60%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9313.59%
  • usd1World Liberty Financial USD(USD1)$1.00-0.17%
  • arbitrumArbitrum(ARB)$0.4353473.14%
  • bitcoinBitcoin(BTC)$110,866.12-0.35%
  • ethereumEthereum(ETH)$2,705.423.18%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.451.80%
  • binancecoinBNB(BNB)$687.740.59%
  • solanaSolana(SOL)$182.703.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2482253.35%
  • cardanoCardano(ADA)$0.834.39%
  • tronTRON(TRX)$0.2733460.98%
  • suiSui(SUI)$3.90-3.63%
  • hyperliquidHyperliquid(HYPE)$34.6313.67%
  • chainlinkChainlink(LINK)$16.973.36%
  • avalanche-2Avalanche(AVAX)$25.617.14%
  • stellarStellar(XLM)$0.3055802.53%
  • shiba-inuShiba Inu(SHIB)$0.0000163.65%
  • bitcoin-cashBitcoin Cash(BCH)$450.278.13%
  • hedera-hashgraphHedera(HBAR)$0.2061792.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.03%
  • polkadotPolkadot(DOT)$5.044.01%
  • the-open-networkToncoin(TON)$3.181.84%
  • litecoinLitecoin(LTC)$101.372.42%
  • moneroMonero(XMR)$388.11-2.23%
  • bitget-tokenBitget Token(BGB)$5.717.47%
  • pepePepe(PEPE)$0.00001612.86%
  • piPi(PI)$0.81-2.44%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • uniswapUniswap(UNI)$6.613.47%
  • bittensorBittensor(TAO)$467.48-0.32%
  • aaveAave(AAVE)$259.312.22%
  • nearNEAR Protocol(NEAR)$3.115.73%
  • aptosAptos(APT)$5.919.74%
  • ondo-financeOndo(ONDO)$1.033.33%
  • okbOKB(OKB)$52.94-0.46%
  • kaspaKaspa(KAS)$0.1165901.42%
  • internet-computerInternet Computer(ICP)$5.734.23%
  • ethereum-classicEthereum Classic(ETC)$19.761.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.27-1.45%
  • render-tokenRender(RENDER)$5.245.88%
  • gatechain-tokenGateToken(GT)$21.930.03%
  • crypto-com-chainCronos(CRO)$0.1006981.86%
  • vechainVeChain(VET)$0.0308963.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2534482.15%
  • mantleMantle(MNT)$0.773.46%
  • ethenaEthena(ENA)$0.4391117.01%
  • worldcoin-wldWorldcoin(WLD)$1.5422.60%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9313.59%
  • usd1World Liberty Financial USD(USD1)$1.00-0.17%
  • arbitrumArbitrum(ARB)$0.4353473.14%