Amid the current market uncertainty, TON's key whale metric surged by a staggering 983.31%. As the native cryptocurrency of the decentralized first-layer blockchain Open Network (TON), Toncoin's large transaction volume showed a significant increase, reflecting the increase in institutional buyer and seller activities, with the "large transaction" metric exceeding $100,000.
According to IntoTheBlock data, TON's large transaction volume reached $4.1 million, equivalent to 559,590 TON. In terms of market price movements, TON rose 1.86% in the past 24 hours and was quoted at $7.29. However, the market is facing mixed results before the release of the latest June inflation data, and investors are still evaluating the potential impact of inflation data on the cryptocurrency market.
Despite the unexpected decline in the Consumer Price Index in June, Dow Jones economists still expect the inflation indicator to rise by 0.1% month-on-month and 3.1% year-on-year. These data are slightly lower than expected, but do not completely eliminate market concerns about the continued impact of inflation. Investors are now more concerned about whether there will be data showing that the inflation rate is close to the Federal Reserve's 2% target, which may trigger expectations of interest rate adjustments.
Regarding future operational recommendations, investors are advised to pay close attention to updates on macroeconomic data and remain sensitive to large-scale trading activities. Market uncertainty may provide a window for finding opportunities to go against the trend, but the risk-return ratio needs to be carefully assessed.
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