My lovely people, the situation with Toncoin (TON) is alarming! Despite this cryptocurrency having a deep connection with Telegram, which is a platform with over a billion users, its price has fallen more than 60% since it hit its peak! And do you know what's the craziest part? It seems to have lost people's interest after the 'tap-to-earn' craze cooled down.

But it doesn't stop there. Imagine this: over 68% of the entire supply of Toncoin is in the hands of a few whales! Yes, you heard that right, those giant wallets that hold a ton of tokens. This is like having most of the candy in the hands of two or three kids, who if they decide to sell, boom!, the price can crash in a second. That creates a volatility that many new investors are not comfortable with.

Furthermore, those who are thinking long-term are not many. Less than 20% of TON holders have kept it for more than a year. This tells us that most people are there to see if they can make a quick profit, not to commit to the token. And this, my friends, is not good for price stability.

In the last year, the price of TON has plummeted more than 65%, dropping from $8.20 to $2.84. For those who entered during that period, it's looking grim, with wallets in the red!

But here comes the interesting part: data shows that most whales bought their TON when it was below $3. So, even though the price has dropped, if it stays close to that level, it could serve as support and maybe, just maybe, it could start to recover! Glassnode experts identified several cost concentration zones, meaning there are levels where the price could find support.

And to top it off, activity on the Toncoin network is at rock bottom. On June 25, there were only 78,000 active wallets, the lowest level all year! This is an 82% drop from the peak. It's like the party emptied out after the 'tap-to-earn' trend.

Despite all this, there are those who still have faith in TON. Tracy Jin from MEXC believes that Toncoin could be the first blockchain we use in our daily lives by 2027, thanks to its integration with Telegram. She says it's not just about creating applications, but about making Web3 technology so easy to use that we barely notice.

So, although the current outlook for Toncoin is not the brightest in terms of activity and distribution, the promise of its integration with Telegram still shines. Can TON turn the situation around and earn the trust of more long-term investors? Time will tell, but it's a nail-biter!