Whales' Buying Appetite Intensifies Especially for the Recently Popular Altcoin!

Whales continue to increase their buying appetite for Toncoin (TON).

Analyst of on-chain analysis platform CryptoQuant announced that whales are accelerating their TON purchases. While he stated that the wallets holding between 100 thousand and 1 million TONS are increasing rapidly, he emphasized that this growth also affects the price:

The number of addresses holding between 100 thousand and 1 million TONS is increasing significantly. This growth reflects the strong interest of key players in the market. As time progresses, these high stake holders continually accumulate more TONs, demonstrating their confidence and long-term commitment to the asset.

Stating that this buying trend is not just a temporary phenomenon, the analyst noted that whales are in a long-term strategic accumulation process. He pointed out that this rapidly increasing accumulation represents their obvious belief in TON:

Such behavior by major players often provides a strong indication of the asset's potential and perceived value. Their increasing accumulation indicates a positive outlook and belief in TON's continued growth and stability.