The number of Toncoin (TON) addresses in profits has hit record lows despite the price experiencing a slight uptick.
The ongoing dynamics in the Toncoin ecosystem have raised concerns about the future price trajectory of the digital ecosystem.
However, several new updates demonstrate a glimmer of hope for the TON ecosystem.
95 million TON Addresses at a New Low
Recent IntoTheBlock data revealed that 85% of TON holders, accounting for 95 million addresses, face losses.
According to the IntoTheBlock data, only 8% of the TON holders, or around 9 million addresses, are still in profit.
The remaining 7.87 million addresses, or about 6.98%, are at the break-even point. These individuals have not made profits or losses in their investments.
Source: IntoTheBlockOver the past week, Toncoin has seen over 240,000 coins transferred to exchanges, demonstrating increased selling pressure from investors.
In the past, similar movements in the cryptocurrency market have resulted in subsequent price drops.
Short-term bearish trends usually occur when assets transferred to exchanges do not find enough buy-side volume to absorb the selling volume.
This is likely the case for TON, as the coin faced a substantial price decline during the day. The price decline contributed to the 95 million addresses that are out of the money.
Additionally, the Toncoin ecosystem is facing slower growth, particularly regarding whale investors’ cash inflows.
Santiment data shows investors between 10 and 10,000 TON have sold over 890,000 coins since mid-2024.
TON Price and the Fall from Historic Highs
The price of TON has faced unsteady movements since March 2024. However, TON hit its all-time high of $8.24 on Jun 15, 2024.
Following a price decline in September, TON’s market cap declined to $11.6 billion, putting it behind Cardano as the 12th-largest cryptocurrency.
Toncoin’s price consolidated between $5.64 and $5.78 in early January. At the time, technical analysis revealed TON could spark a new rally if it rose above the $5.78 resistance.
However, after a general market downturn, the price soon slipped to the $4 level.
Despite the persistent volatility, analysts have forecasted a $7.43 price for TON. Other long-term projections claim TON could reach $17.37.
TON is ranked the 16th-biggest cryptocurrency, with its market cap at $12 billion.
Toncoin increased slightly by 0.6%% in the past 24 hours, trading at $4.8 at press time. The trading volume also increased by 56% to $183 million.
Toncoin Ecosystem Revival Plans
Amid the Toncoin’s price uncertainty, the team has outlined several revival plans to support the ecosystem’s growth.
For instance, the TON Foundation recently announced plans to expand in the U.S. market. This move is supported by pro-crypto policies under President Donald Trump’s new administration.
The TON Foundation has appointed Manuel Stotz as its new president to lead the expansion.
Additionally, the TON core developers recently released a detailed roadmap for the first half of 2025 to spark DeFi growth prospects.
The roadmap includes a mainnet update called “Accelerator,” which aims to enhance stability, efficiency, and scalability.
Additional upgrades include a Payment Network Layer 2 release, updated APIs, and new validator tools.
Furthermore, the network partners with community projects like MyTonWallet and DeDust to strengthen developer engagement.
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