The post TON Coin Whale Holdings Approach 67%, Intense Accumulation Ensues appeared on BitcoinEthereumNews.com.

TON coin could be one of the most attractive coins in the next phase of the crypto market’s recovery. The coin experienced a massive drawdown (over 72%) from its December peak to recent lows. According to IntoTheBlock, Ton coin whales have been buying back at discounted prices especially on the way down. Historical concentration data revealed that whale holdings grew to 3.34 billion TON as of 26 March. Ton coin historical concentration/ IntoTheBlock Whales held 66.9% of TON coin supply at that time, which is a considerable gain from 3.25 billion TON (64.99%) as of 1 January. TON coin whale accumulation has historically preceded a major rally. This latest observed accumulation by the same cohort of buyers could signal that the market may be preparing for more upside. Will TON Coin’s Latest Upside be Subject to Short-Term Profit-Taking? TON coin has already achieved a considerable recovery since 11 March, rallying by 64% at its $3.98 press time price tag. This gain underscores the possibility of short term profit-taking especially amid rising tariff war intensify and uncertainty around expiring options. TON coin price action/ source: TradingView Although it was not yet oversold according to the RSI, the money flow indicator was already flashing signs of being overheated. This could potentially signal a high probability of a weekend retracement. The probability of short term profit-taking is further supported by the historical significance of its current price point. It previously struggled with some sideways price action in the first half of February. Investors that bought back after 11 March may therefore be incentivized to take profits. However, this may not necessarily be the case if investors feel that there is potential for more upside in the short term. Profitability at 20% Despite Recent Rally IntoTheBlock data revealed that 90% of TON coin holders…

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Filed under: News - @ March 28, 2025 7:20 pm