Toncoin (TON) Skyrockets 376% in Whale Activity; What's Going On?

Whale activity for Toncoin has surged by impressive 376% as market steers toward recovery

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According to Santiment, Toncoin currently exhibits a 30-day MVRV of -0.6%, which is considered neutral. This neutrality in the MVRV ratio implies that Toncoin's market value is closely aligned with its realized value, indicating that the asset is neither overvalued nor undervalued at this juncture. In such a scenario, the likelihood of a short-term bounce is ambiguous, leaving investors to look for other signals to inform their trading decisions.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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