Toncoin Wallet Profitability Declines Amid Rising Volatility

Toncoin (TON) has experienced a sharp decline in wallet profitability as market turbulence intensifies, with 25% of wallets now reporting losses.

Toncoin Faces Resistance

Amid cautious sentiment
following a bullish streak in November, Toncoin extended its upward momentum earlier this week. However, resistance at key levels and increased investor caution have tempered the rally. As a result, wallet profitability has dipped, with only 65% of addresses in profit compared to a peak of 90% just a week ago.

Recent data from IntoTheBlock shows that 25% of Toncoin wallets are at a loss, while 11% are at breakeven. The dominance of short-term traders within the ecosystem—85% of holders have owned TON for less than a year—highlights the token’s vulnerability to market swings.

Key Metrics Reflect Market Interest

Despite the decline, Toncoin remains active, with 61% of transactions occurring during Western trading hours and 39% during Eastern hours. Over the past week, high-value transactions exceeding $100,000 totaled $51.97 billion, showcasing robust network activity.

However, Toncoin’s price has dropped 8.41% in the past 24 hours, trading at $5.93. Its market capitalization now stands at $15.12 billion, while trading volume has surged by 142%, reaching $779.6 million. This spike in trading volume underscores sustained market interest despite current volatility.

Can TON Rebound?

Analysts remain cautiously optimistic about Toncoin’s future. Strong fundamentals, including an active development team and a vibrant network, provide a foundation for potential recovery. If market conditions stabilize, Toncoin could aim to reclaim its recent highs, offering renewed opportunities for traders and investors alike.

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