Toncoin has seen consecutive uptrends for the past three days, and its volatility has remained low despite the trend.
The price trend of Toncoin has attracted the attention of whales, and it remains to be seen if their action could impact the price.has recently experienced positive price movements, bringing it closer to its all-time high. This upward trend has caught the attention of large-scale investors, or “whales,” who have been actively accumulating significant token volumes.
The trend continued into the new month, with TON trading at around $7.7, also showing a slight increase of less than 1%. This recent price action places Toncoin near its all-time high of about $8.1, signaling it is gradually approaching this peak. Also, the current stability in Toncoin’s price could indicate underlying confidence in its value and prospects, or it could result from balanced buying and selling pressures in the market.The supply distribution analysis of Toncoin from Santiment provided some interesting insights. The analysis looked into the behavior of large-scale investors, particularly those holding between 10,000 and 100,000 TON tokens.
This increase indicates significant accumulation by these investors, who collectively purchased over 45 million TON tokens valued at approximately $346 million.
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