😱🚨🚨Over $5 Billion Worth of Profits in Danger if Toncoin’s (TON) Price Loses Against Selling  

Toncoin’s (TON) price is in a macro uptrend, but the last few days have seen their fair share of drawdown scares.

The reason behind this is the potential of selling exhibited by the investors as it could erase the recent gains.

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Toncoin’s price could take a confusing direction in the coming days owing to investors’ mixed sentiments. The TON holders are looking to make profits, one way or another. One way is by HODLing, and the other is selling.

The Global In/Out of the Money indicator shows that between $6.12 and $6.77, the investors purchased about 793 million TON. This supply is worth well over $5.2 billion and is currently witnessing potential losses as Toncoin’s price is at $6.59.

At the same time, the rise in active deposits suggests that TON investors might be preparing to sell. The increasing spikes in this indicator indicate a higher movement of assets from investors’ wallets to exchanges, typically a sign of potential selling pressure.

Put simply, TON holders are potentially looking to secure their gains as they have managed to recover the recent crash’s losses. The impact on the altcoin of this move however, may not necessarily be positive.