In recent days, the Coin Days Destroyed (CDD) indicator has shown that long-term holders have begun moving their TONs. On June 12th, a significant 633 million TON were moved, potentially signaling a distribution phase in the market. This activity could suggest that the TONCOIN price of $8 USD is nearing a peak.

The CDD indicator calculates the number of coins moved on-chain at a specific time, multiplied by the number of days since those coins were last moved. When large volumes of older coins start moving, it often indicates that long-term holders are starting to take profits, potentially setting the stage for a price correction.

Given these market signals, it's crucial to stay alert to upcoming movements. Utilize the CDD as part of your analysis to make informed decisions in the TONCOIN market.