$TON blockchain hits 1B transactions – Bull run ahead? - AMB Crypto Analytics

Toncoin (TON) has dropped 28% to $4.884 since late August, driven by controversy surrounding Telegram and Bitcoin’s decline. Despite this, 1 billion transactions on the Toncoin blockchain prevented a deeper drop below $4.5, avoiding a retest of February’s $2.06 low.

Although TON rallied near $9 earlier, Bitcoin volatility has limited its rebound, with daily buying volume below expectations. Bulls have pushed for a reversal, but market caution remains high as BTC continues to influence TON's price.

Whales hold 68.88% of TON, but recent whale activity, including a $140 million deposit into exchanges, contributed to a price dip. If volatility persists, bears may push TON below $4.5, favoring short positions.