Toncoin: Does the surge in TON holders signal a shift in market sentiment?

, and this time it was not limited to the price or market cap. Instead, AMBCrypto found that the number of addresses holding TON across every group increased.from Santiment, the number of holders with 0.01 to 1 TON in their portfolio jumped. The same goes for the whales who own 100,000 to 1 million tokens.

Interestingly, TON seemed to be in the mood to reward this loyalty. At press time, the price of the token was $ 6.59, representing an impressive 5.01% increase in the last 24 hours.of TON in profit was 79.04%. A few weeks back, almost 100% of the Toncoin holders were in the green.The selling pressure the token experienced was one of the reasons the ratio declined. But with the recent uptrend, TON could be walking its way back to $7.65.

In addition to the metric above, AMBCrypto looked at TON’s Open Interest . Open Interest is the value of all open contracts in the market

Source: News Formal (newsformal.com)

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