Toncoin $TON Profitability Grows: 22.81% of Holders Now in the Black

Toncoin's recovery came amid a general rally that has increased the capitalization of the entire crypto market to $2.75 trillion. As a result, the Historical In/Out of Money (HIOM) index shows that 21.91 million TON addresses are now in the black. This number represents 22.81% of the total number of token holders. 17.59 million addresses (18.31%) have reached the breakeven point, and 58.88% of hodlers are currently in the black.

The metric analyzes the percentage of addresses that would either make a profit or suffer a loss if they sold their assets at a certain point. In addition, the change in the indicator provides insight into the dynamics of the market, indicating who is currently dominant. When the percentage of profitable addresses increases, it indicates strong bullish momentum, as more hodlers can profit by holding the asset or buying more coins. In contrast, a decrease in the number of profitable addresses indicates sellers are dominating, as fewer holders are in profit. This can trigger selling and affect the price.$ACT $PNUT