Learn about Toncoin's market response to founder Pavel Durov's statement, whale activity, and technical trends on TON's pricing.
Over the last 24 hours, TON recorded a 6.62% increase following a public statement from Toncoin’s founder, Pavel Durov.recent history further underscores caution; the cryptocurrency has experienced a notable decline, dropping 16.03% over the past month, with a 10.43% decrease just last week.
Open Interest, which represents the total unsettled contracts in derivatives like futures, increased by 7.57%This growth indicates fresh capital entering the market, possibly sustaining the bullish price trajectory. At press time, TON traded at $4.88.Coinglass also reported that over $646.98k of short positions were forcibly liquidated, unable to meet margin requirements amidst rising prices, from a total of more than $872.41k.
Despite recent market movements, whales, who control significant amounts of TON, have not yet shown active participation in the market. revealed a noticeable downturn in the volume of large holder transactions, with figures declining from 1.79k to just 1.03k.uch a reduction in large transactions, typically made by whales, suggests a lack of confidence among this influential group about the current trajectory of TON’s market recovery.Furthermore, the overall number of active market participants —Active Addresses and New Addresses— remained low according to IntoTheBlock, reflecting a general hesitance to engage with TON.
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