On April 9, Toncoin (TON) overtook Cardano (ADA) in crypto r

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Giannis Andreou

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On April 9, Toncoin (TON) overtook Cardano (ADA) in crypto rankings, with a 13% surge to $6.65 and a market cap of $23 billion, exceeding ADA's $22 billion. This surge followed TON Society's $5 million allocation for palm scanning identity verification on Telegram. TON's recent performance, including a 135% surge in the past month and a 183% YTD increase, contrasts ADA's decline. However, concerns linger over TON's token distribution, with over 60% held by the top 10 holders, potentially limiting broader market participation.

On April 9, Toncoin (TON) overtook Cardano (ADA) in crypto rankings, with a 13% surge to $6.65 and a market cap of $23 billion, exceeding ADA's $22 billion. This surge followed TON Society's $5 million allocation for palm scanning identity verification on Telegram. 
TON's recent performance, including a 135% surge in the past month and a 183% YTD increase, contrasts ADA's decline. However, concerns linger over TON's token distribution, with over 60% held by the top 10 holders, potentially limiting broader market participation. 