![How to Nail First-Party Data Strategy According to a Google Director of Product Management [+ New Data]](https://www.hubspot.com/hubfs/first-party-data-strategy.webp)
Toncoin (TON) Whales Go On $342 Million Buying Spree: Data
The post Toncoin (TON) Whales Go On $342 Million Buying Spree: Data appeared on BitcoinEthereumNews.com. On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator of relevance here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the amount of TON the various holder groups own right now. The addresses or investors are divided into these groups based on the number of coins they carry in their balance. For example, the 1 to 10 coins cohort includes all addresses that own at least 1 token and, at most, 10 tokens of the cryptocurrency. In the context of the current discussion, the investors of interest are the whales. This cohort includes addresses carrying between 10,000 and 100,000 TON. At the current exchange rate, the lower limit of the range is worth $76,000, while the upper one is $760,000. These holders carry significant amounts, which makes them hold some degree of influence in the market. As such, the movements of the members of this cohort can be worth following. Now, here is a chart that shows the trend in the Toncoin Supply Distribution specifically for the whale cohort: The value of the metric appears to have been climbing in recent days | Source: @ali_charts on X As displayed in the above graph, the Toncoin investors in this group have recently participated in some net accumulation. More specifically, these whales have bought more than 45 million TON in the past week or so, worth a whopping $342 million. This buying from the whales has come as the cryptocurrency has been consolidated since setting a new all-time high (ATH) last…
The post Toncoin (TON) Whales Go On $342 Million Buying Spree: Data appeared on BitcoinEthereumNews.com.
On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator of relevance here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the amount of TON the various holder groups own right now. The addresses or investors are divided into these groups based on the number of coins they carry in their balance. For example, the 1 to 10 coins cohort includes all addresses that own at least 1 token and, at most, 10 tokens of the cryptocurrency. In the context of the current discussion, the investors of interest are the whales. This cohort includes addresses carrying between 10,000 and 100,000 TON. At the current exchange rate, the lower limit of the range is worth $76,000, while the upper one is $760,000. These holders carry significant amounts, which makes them hold some degree of influence in the market. As such, the movements of the members of this cohort can be worth following. Now, here is a chart that shows the trend in the Toncoin Supply Distribution specifically for the whale cohort: The value of the metric appears to have been climbing in recent days | Source: @ali_charts on X As displayed in the above graph, the Toncoin investors in this group have recently participated in some net accumulation. More specifically, these whales have bought more than 45 million TON in the past week or so, worth a whopping $342 million. This buying from the whales has come as the cryptocurrency has been consolidated since setting a new all-time high (ATH) last…
What's Your Reaction?
