Toncoin (TON) has noticeably increased both in price and in the number of holders.
Analytics data from Santiment show an increase in the number of addresses containing from 0.01 to 1 TON, and large whales with the number of tokens from 100,000 to 1 million. This trend signals growing confidence in the potential price rise for TON.
Recent reports highlight increased retail trading and whale participation, causing the TON price to rise to $6.59, up 5.01% in 24 hours, with 79.04% of trades making a profit. Despite previous selling pressure, there is optimism that TON could rebound to $7.65 or higher amid speculation of an upcoming altcoin season in which non-Bitcoin cryptocurrencies will outperform Bitcoin.
Additionally, Coinglass data shows an 11.70% increase in TON open interest (OI), indicating new market investment and a potential bullish impulse. If this trend continues, TON could surpass its all-time high and possibly reach $15. However, a high OI may also indicate upcoming market changes, which requires caution for holders.
According to ambcrypto.com
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