Toncoin's Profitability Declines Amid Market Turbulence
$TON has experienced a notable decline in wallet profitability, with only 65% of addresses currently in profit—a sharp drop from the 90% peak seen just a week ago. This change reflects the significant volatility in Toncoin’s market price, impacting many investors.
According to the latest data from IntoTheBlock, 25% of Toncoin wallets are at a loss, while 11% are at breakeven. This downturn highlights the recent struggles in Toncoin's market performance.
Ownership analysis shows that 85% of Toncoin holders have owned the coin for less than a year, and 12% acquired it within the past month. Long-term holders, who have held Toncoin for over a year, make up just 3% of the total, underlining the dominance of short-term traders in the ecosystem. This distribution indicates a trading-heavy market where quick fluctuations significantly influence holder sentiment.
