💥 The Open Network (TON) Explodes in Growth, Hits 100 Million Holders
The Open Network (TON) now has over 100 million holders! This is a massive increase from the 4.3 million it had at the beginning of the year. This growth highlights TON’s rapid expansion, driven by various factors, including the launch of popular Telegram gaming tokens, like HMSTR.
This is a big deal because it shows how TON is bringing millions of Telegram users into the world of cryptocurrency. It’s a bridge between traditional social media and the crypto space.
🔸 Recent Growth and User Onboarding
TON has grown massively in recent months. The network’s holder count surged because of the increasing popularity of its gaming tokens, like Hamster Kombat. This growth is important because it brings millions of Telegram users into cryptocurrency. Essentially, TON is connecting traditional social media platforms and the crypto space.
The growing number of holders shows a rising interest in TON and its offerings. This trend not only shows the network’s potential but also its ability to attract a diverse user base. So, the growing number of holders is a positive sign for the overall market sentiment around TON.
🔸 Toncoin’s Market Activity
Toncoin is priced at $5.20, with a trading volume of $221,212,690 over the past 24 hours. This price represents a 1.27% decrease in the last day. Moreover, Toncoin’s market capitalization stands at approximately $13.2 billion, with a circulating supply of 2,536,062,236 TON coins.
The derivatives market for Toncoin is seeing increased activity. The volume has risen by 1.06%, reaching $189.30 million. Additionally, open interest has increased by 1.41% to $235.19 million. However, the long/short ratios are mixed, with a slight bearish bias overall. Traders on platforms like Binance and OKX are more bullish, with long/short ratios exceeding 3.0.
