TON HODLers have captured impressive returns, achieving gains of approximately 120%. One-month holders outperform six-month holders, having purchased during the price peak - a trend the Sharpe Ratio clearly illustrates between May and July.
The 180-day Sharpe Ratio analysis signals attractive price entry points, presenting opportunities for both new positions and increased holdings ahead of anticipated altcoin buying pressure.
Two fundamental factors strengthen TON's long-term buying thesis:
Mobile User Adoption
Mobile wallets demonstrate consistent USDT movement through Telegram integration, indicating strong retail adoption. Small transactions dominate these flows, confirming active daily usage.
Exchange Infrastructure
Binance and OKX continue to expand their TON support, strengthening on/off ramp capabilities. The gaming ecosystem within Telegram drives additional token flows through these major exchanges.
If I were to put my compliance hat on, I’d be sure that Binance and OKX are carefully monitoring flows from Telegram wallets due to the AML risks the message platform poses directly or indirectly to them as on/off ramp entities. It is something to be cautious about in the long term, as the regulatory environment continues to develop.
Written by ShivenMoodley
