Holders of Toncoin (TON), the token linked to Telegram, are profitable, according to In/Out of the Money data, which shows that all addresses are making profits. According to IntoTheBlock data, all addresses with a TON balance are making profits during this period when the price is around $8.00. 📈

Toncoin price increased during a period when Bitcoin was hovering above $67,000 and Ethereum price was around $3,500. This makes Toncoin's performance remarkable when compared to the top two cryptocurrencies in terms of market value.

While a year ago, 90% of Toncoin (TON) addresses were at a loss as the TON price hovered around $1.40, now all addresses are making a profit. This comes with Toncoin's massive growth over the past year.

Addresses with balances increased from 5,800 in June 2023 to 20,870 in June 2023, according to IntoTheBlock data. Additionally, addresses with less than 10 TONs of tokens have doubled in the last three months, rising from 4,900 in March to 10,000 in June.

From an ownership perspective, retail owners currently hold 39.9% of the supply, whales 30.5%, and investors 29.5%.

This increase in the number of addresses comes as The Open Network (TON) blockchain and its native token Toncoin benefit from positive network catalysts. Telegram's support of TON in its ad-sharing program for channel owners and campaigns like Open League have helped the cryptocurrency's upward momentum.