#Toncoin Faces Major Resistance at $5
$TON struggles to break past a significant sell wall at $5.69–
$6.05, with 46.19 million TON creating resistance.
This obstacle has only slowed momentum, with TON trading at $6,56, up 19.77% in 24 hours.
Market Overview
*/ Market Cap: $16.7 billion (12th largest cryptocurrency).
*/ Holders Status:40.13% "Out of the Money" (bought above
current prices).35.6% "In the Money" (profiting at current
prices).
Ecosystem Developments
*/ Stablecoin Growth: TON stablecoin supply surged 13x (April–October 2024) to a $767M market cap.
*/ Partnerships: Collaboration with Tether (Dirham-pegged
stablecoin) boosts adoption and liquidity.
*/Funding Boost: OKX Ventures and partners launched a $10M
Telegram Growth Hub to support innovative projects on TON.
