Holders of Toncoin flee

Decreased confidence and bullish sentiment among TON holders is having an effect on the Toncoin price. One indicator of this is the declining Mean Coin Age (MCA), an on-chain measure of coin age.

How long-term investors feel about trading is determined by this indicator. It determines the typical amount of time that coins in circulation have spent at their present locations. Investors seem to favor holding the asset, as the indicator is showing signs of growth. In contrast, a decline in it indicates that investors are shifting their assets to other locations, which is seen as an indication of lack of faith.