$TON **Toncoin Sees Major Surge in Large Transactions Amid Market Uncertainty**
According to U.Today, Toncoin (TON), the native cryptocurrency of The Open Network, a decentralized layer-1 blockchain, has experienced an astounding 983.31% increase in large transaction volume. This significant rise is indicative of heightened activity among major investors, often referred to as "whales." Large transactions, defined as those exceeding $100,000, have surged, pointing to increased participation from institutional buyers and sellers.
Data from IntoTheBlock shows that TON's large transaction volume has reached $4.1 million, or 559,590 TON in cryptocurrency terms.
**Price Movement and Market Context**
At the time of the report, TON had seen a 1.86% increase over the previous 24 hours, trading at $7.29. This price movement came amid mixed market activity ahead of the release of new inflation data for June, specifically the producer price index (PPI), which tracks wholesale prices.
**Inflation Data Impact**
The June consumer price index (CPI) unexpectedly fell by 0.1% from the previous month, reaching an annual rate of 3%, the lowest level in over three years. Economists from Dow Jones had predicted a 0.1% increase from May and a 3.1% year-over-year rise. Core CPI, which excludes food and energy prices, rose by 0.1% monthly and 3.3% annually, slightly below expectations.
**Investor Outlook**
Investors are closely monitoring signs that inflation may be returning to the Federal Reserve's 2% target, a development that could signal potential interest rate cuts. Following the release of the CPI data, there is a growing expectation that the Federal Reserve might ease monetary policy as early as September, with traders now pricing in a more than 90% chance of rate reductions at that time.
#CPI_BTC_Watch #TONCOIN #write2earn #Ethereum_ETFs_Expected_Date #BinanceTurns7 $NOT
