In accordance with U.Today, Toncoin (TON) has seen a significant increase in whale activity, with an 80% rise in large transaction volume as the year comes to a close. Data from IntoTheBlock indicates that Toncoin's large transaction volume reached $8.75 billion in the last 24 hours, marking an 80.63% increase. This surge suggests that large players are either accumulating more coins or moving significant amounts. Additionally, large holder netflows have surged 300% over the past week. The Open Network (TON) has had a notable year in 2024, driven by the popularity of Telegram mini-apps, which attracted a large number of new users. By mid-year, TON's daily active users exceeded five million. The network has also surpassed Polygon in terms of token holders and is closing in on TRON and BNB. According to Dune Analytics, TON now has 111 million wallets, a significant increase from 38.7 million in August. Despite these developments, Toncoin's price was down 2.08% to $5.71, reflecting the overall market sentiment.
Toncoin Whale Activity Surges 80% Amid Year-End Market Trends
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