The number of large altcoin transactions has increased significantly over the past month.

According to IntoTheBlock, the number of large transactions from $TON (between $1 million and $10 million) has increased by 179% over the period. Transactions over $10 million have also shown an impressive increase, up 83% over the same period. An increase in large transactions is traditionally a bullish sign. Increased whale activity boosts retail investor confidence, stimulates buying activity, and supports the cryptocurrency’s price growth.