Toncoin (TON) has seen a significant increase in whale activity recently, with large TON transactions of more than $100,000 increasing by more than 237% in the past 24 hours. The surge in large transactions could indicate that bulls have intervened, and TON's price could be about to see a big move as large holders adjust their positions in anticipation of market changes.

The number of large Toncoin transactions (over $100,000) has surged by 237.5% in the past 24 hours! Large holders, or whales, could be preparing for a big price move. Whether this will lead to a bullish or bearish trend remains to be seen, but the activity itself could indicate that market participants are anticipating big price moves. This surge could signal potential market moves, as whales often adjust their positions based on expected changes in price or market conditions.

At the time of writing, TON is up 2.42% in the past 24 hours at $6.63, making it the 10th largest cryptocurrency with a market cap of $15.97 billion.

There are several factors that could have led to a surge in Toncoin whale activity. The most critical of these is the popularity of the TON network, which is reflected in the record high number of daily active users (wallets).

As the market reacts to the surge in whale activity, the price of Toncoin could be significantly affected. If whale activity is driven by positive market sentiment, the price of TON could rise significantly.

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