According to U.Today, Toncoin (TON) has witnessed a significant 257% surge in large transaction volume, a sign of substantial whale activity. This increase comes amidst a downturn in the crypto market, which has seen $321 million in liquidations. The large transaction volume, typically linked with cryptocurrency whales or investors holding large amounts of crypto, implies that these key players may be actively buying or selling Toncoin despite the overall negative market trend.

Data from IntoTheBlock reveals that Toncoin's large transaction volume has risen by 257.65% in the last 24 hours, reaching $7.58 million, or 962,270 TON in crypto terms. The crypto market has been under selling pressure, resulting in a significant sell-off across various digital assets. Toncoin has not been spared, currently down 9.16% in the last 24 hours to trade at $7.10. The token has also fallen by 7.68% in the last seven days.

Several factors could be contributing to the increased whale activity in Toncoin. Whales might be strategically accumulating TON in anticipation of future price increases or developments within the Toncoin ecosystem. Positive news or upcoming technological advancements related to Toncoin could be triggering increased interest and large transactions, with whales positioning themselves ahead.

Last month, Telegram CEO Pavel Durov introduced a TON-linked 'Stars' currency, which would allow users to purchase digital products and services via Telegram micro apps within a crypto-backed economy. Telegram mini-app developers can now sell digital goods and services in exchange for Stars, which can be converted into Toncoin. The TON token is currently the eighth most valuable cryptocurrency on the market with a worth of $17.5 billion.

#BinanceTurns7 #BinanceTournament #Ton_Coin_Surge #SOFR_Spike #EarnFreeCrypto2024 Worldcoin, co-founded by Sam Altman, has made headlines with its decision to extend the deadline for redeeming WLD Grant Reservations. Notably, this announcement has also provided a boost to the project’s native crypto, WLD price, which surpassed the $2 mark today.
So, let’s take a look at the recent announcement and see the deadline timeline set by Sam Altman’s firm.
Worldcoin Announces Extension Of WLD Grant Reservations
In a recent announcement, the Worldcoin Foundation revealed that it is extending the redemption deadline for WLD grant reservations by one year. Initially introduced to allow individuals without a verified World ID to reserve WLD tokens, this extension now allows reservations made between July 24, 2023, and July 31, 2024, to be valid until July 31, 2025.
Meanwhile, new reservations can be made until July 31, 2024. According to the announcement, this move aligns with their mission to democratize access to the global economy, ensuring widespread participation in their project. Notably, this extension aims to accommodate more participants in the project’s ecosystem, enabling them to benefit from the project’s initiatives without time constraints.
Meanwhile, the announcement coincides with the Worldcoin Foundation’s introduction of a developer preview of its upcoming Layer 2 (L2) network. This preview allows a select group of developers to explore and test the capabilities of the World Chain network before its official mainnet launch, expected this summer.
For context, the initiative seeks to gather feedback and optimize the network’s performance ahead of broader deployment.
Price Rallies Amid Major Developments
Apart from the developer preview launch, Sam Altman’s firm recently partnered with Alchemy, a move designed to leverage Alchemy’s robust infrastructure and developer tools. This partnership is crucial for accelerating the development of World Chain, particularly in enhancing digital identity and blockchain technology solutions.
Meanwhile, Worldcoin’s strategic moves underscore its commitment to advancing blockchain innovation while expanding its user base and developer ecosystem. The extended deadline for WLD grant reservations aims to foster inclusivity and broaden participation, positioning Sam Altman’s firm for continued growth and impact in the evolving digital economy.
As Worldcoin navigates these developments, stakeholders in the crypto community will be watching closely to see how these initiatives unfold and contribute to the broader adoption of blockchain technology and digital assets. Besides, the extension of the WLD grant reservation deadline and the rollout of the L2 network preview mark significant milestones in its journey toward creating a more accessible and scalable blockchain ecosystem.
As of writing, WLD price jumped 6% and exchanged hands at $1.96, after touching a high of $2.05 in the last one hour. Its trading volume also noted a surge of 13% to $193.27 million from yesterday. Furthermore, CoinGlass data showed that the crypto’s Open Interest saw a spike of 18%, indicating an increasing focus of the investors towards the crypto.

Today, we'll explore how on-chain analysis can help you track whale movement. This powerful tool can give you insight into the behavior of top investors and help you predict market trends.

What is on-chain analysis?

On-chain analysis involves examining blockchain data to understand the behavior of cryptocurrency transactions. It provides a transparent view of all transactions, allowing you to track large transfers and wallet activities.