This analysis presents the daily aggregate balance of the top 100 richest addresses (“whales”) on the TON blockchain from the beginning of 2021 to the present.
Methodology:
For each day, I calculate the end-of-day balance for every address. We then rank all addresses by their balances and track the sum of the top 100 holders’ balances per day. This approach highlights the accumulation and distribution patterns of the largest stakeholders, who often have an outsized impact on market sentiment and price movement.
Why it matters:
Rising whale holdings can indicate accumulation and bullish confidence.
Sharp drops may suggest major selling or redistribution among large holders.
This metric helps contextualize price action, liquidity risk, and network decentralization.
Use this chart to monitor how the largest TON holders influence supply concentration, and integrate it with volume or exchange inflow/outflow data for deeper market insights.
Written by CryptoOnchain
