Toncoin, the native cryptocurrency of decentralized layer 1 blockchain The Open Network (TON), saw a 983.31% surge in large transactions, a key metric for measuring whale activity.
An increase in large trades indicates increased activity among institutional buyers and sellers. “Large trades” are those exceeding $100,000.
According to IntoTheBlock, TON’s large transaction volume was $4.1 million, which is equivalent to 559,590 TONs in cryptocurrency.

At the time of writing, TON is up 1.86% in the past 24 hours to $7.29 as the market sees mixed price action ahead of the release of new June inflation data in the form of the Producer Price Index, which tracks wholesale prices.
Market uncertainty remains Even as investors process recent inflation data and their impact on interest rates, the cryptocurrency market continues to experience wild price swings. Meanwhile, the Consumer Price Index unexpectedly fell 0.1% month-over-month in June and 3% year-over-year, the lowest level in more than three years.
Dow Jones economists estimated that the inflation measure rose 0.1% from May and 3.1% from a year ago. The core CPI, which excludes food and energy prices, rose 0.1% from the previous month and 3.3% from a year ago. These increases were also slightly lower than expected. Investors have been looking for data that shows that inflation is moving back toward the Fed's 2% target, as it could mean that interest rate cuts are imminent.
Expectations grew that the Federal Reserve would ease monetary policy as early as September after the CPI data, with traders pricing in a more than 90 percent chance of a rate cut by then.#Toncoin news