Toncoin shows the strongest investor cost concentration between $1.90 and $2.30, acting as a reliable support zone amid volatility.
Over 863M TON was acquired between $2.91 and $2.98, signaling disciplined accumulation by a long-term holder or coordinated entity.
Toncoin is consolidating near $2.84 after peaking above $7, with low liquidity zones above $5 hinting at future price volatility.
Toncoin’s cost basis data highlights major investor clusters between $2.01 and $2.05, where 1.32 billion TON is held. Additional bands form at $2.18–$2.22, $2.91–$2.98, and $3.83–$3.87, showing how investor positioning has shaped market structure over time.
Market Structure Shows Layered Accumulation Zones
The current market tone for Toncoin is neutral-to-bearish, with the asset consolidating after a steep retracement from mid-2024 highs. According to a report by Glassnode, TON surged above $7 in early 2024 but later corrected, now trading at $2.84. The price has returned to its historical accumulation zones from 2023 and the beginning of 2024 as a result of the correction.
https://twitter.com/glassnode/status/1937842711073013813
Toncoin primarily traded below $2 between August and December 2023, with major accumulation occurring between $1.30 and $1.90. These zones represent the foundation of long-term holder conviction. As price climbed, cost basis density thinned above $3, indicating that fewer investors bought during the later stages of the uptrend.
Cost Basis Heatmap Reveals Investor Behavior
Glassnode’s heatmap displays four concentrated cost basis clusters: $2.01–$2.05 (1.32B TON), $2.18–$2.22 (535M TON), $2.91–$2.98 (863M TON), and $3.83–$3.87 (261M TON). These clusters represent strong historical entry points. One coordinated entity holds approximately 863M TON acquired around $2.91–$2.98, “according to Glassnode,” signaling a long-term deployment strategy.
The most intense supply zones remain between $1.90 and $2.30, marked in bright orange and red on the heatmap. These are structural support levels, with many wallets still in profit. Meanwhile, the price bands above $5.50 show low wallet concentration, implying thinner liquidity and greater volatility if price returns to those levels.
Metrics Show Stabilization in Critical Range
Toncoin’s live market cap is $7.01 billion, with a 2.46 billion circulating supply and a total supply of 5.13 billion. The fully diluted valuation is $14.59 billion, reflecting potential future issuance. Volume dropped 25.88% to $121.15 million over the last 24 hours, suggesting reduced short-term momentum.
Toncoin’s price structure shows consolidation between $2.4 and $4. Due to its consistency with previous accumulation layers, this range is an important support/resistance zone. TON is still up 584.7% from its lowest point despite recent declines, suggesting that long-term investor confidence is still high.
The post Toncoin’s $2.01–$2.05 Zone Now Holds 1.32B Tokens in Cost Basis Support appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
