Toncoin (TON) is showing strong market performance, with only 1% of holders currently at a loss, according to IntoTheBlock. The majority, 90%, are in profit, and the rest are breaking even. This positive distribution correlates with TON’s current price of $7.65, which had previously peaked at $8.23. AMBCrypto’s on-chain analysis highlights increasing accumulation among addresses holding between 1 TON and 10 million TON, reflecting growing confidence in the token. The Global In/Out of Money (GIOM) metric indicates robust support at $7.48, with 1,310 addresses holding 476,270 tokens. If demand persists, TON's price could surpass the $8.17 resistance and potentially retest $8.32, bringing all holders into profit. However, a recent drop in Open Interest (OI) from $96.54 million to $93.80 million suggests traders are reducing their positions, which could impact liquidity and market dynamics.
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Toncoin (TON) is showing strong market performance, with only 1% of holders currently at a loss, according to IntoTheBlock. The majority, 90%, are in profit, and the rest are breaking even. This positive distribution correlates with TON’s current price of $7.65, which had previously peaked at $8.23. AMBCrypto’s on-chain analysis highlights increasing accumulation among addresses holding between 1 TON and 10 million TON, reflecting growing confidence in the token. The Global In/Out of Money (GIOM) metric indicates robust support at $7.48, with 1,310 addresses holding 476,270 tokens. If demand persists, TON's price could surpass the $8.17 resistance and potentially retest $8.32, bringing all holders into profit. However, a recent drop in Open Interest (OI) from $96.54 million to $93.80 million suggests traders are reducing their positions, which could impact liquidity and market dynamics.
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