Toncoin: Stuck Between Price Pressure, Whale Density, and Telegram Integration

Toncoin (TON), as the native cryptocurrency of The Open Network, stands out in the Web3 space due to its strong integration with Telegram. However, despite this strategic advantage, the price of Toncoin is currently trading about 65% below its all-time high, around $2.80. This situation indicates serious losses for users who have invested recently.

Distribution of TON: Whale Weight Raises Concerns

According to blockchain analysis platforms, more than 68% of Toncoin's supply is concentrated in whale wallets. In contrast, the share of long-term investors is below 20%. This imbalance poses a risk in terms of price stability, increasing the impact of sudden transactions from large wallets on the market.

Glassnode data shows that a large portion of Toncoin has accumulated at price levels below $3. This indicates that whales have collected significant amounts of TON at low prices during the period leading up to 2024. Current prices are hovering near these cost levels, which could provide a potential bottom formation and recovery ground.

However, if the price continues to decline, even these large investors may enter the loss zone. This could increase selling pressure and pave the way for new declines.

Network Activity is Tightening: Sharp Drop in Active Wallet Count

On-chain activity in the TON ecosystem experienced a significant decline over the year. According to Artemis data, as of June 25, there are only 78,000 daily active wallets on the network — a drop of 82% compared to over 450,000 wallets at the beginning of the year.

This dramatic decline is associated with the fading of the tap-to-earn trend and a decrease in user interest. However, despite this short-term weakness, some analysts argue that the long-term outlook is still positive.

Telegram Integration: TON's Strongest Card

The biggest advantage of TON is its native integration with Telegram. Tracy Jin, COO of MEXC, states that Toncoin has the potential to be the 'first adopted blockchain in daily use.' According to Jin, Telegram's global user base of over 900 million creates a significant access infrastructure for TON.

"TON not only creates decentralized applications," says Jin, "but it also makes Web3 technology a natural part of user experience. This integration makes TON unique."

TON stands out as the only blockchain that can be used directly within the Telegram ecosystem. This structure is a significant advantage that could accelerate the adoption of Web3.

Conclusion: Short-Term Pressure, Long-Term Potential

Toncoin is going through a challenging period in terms of price and on-chain activity. However, strong institutional integration and strategic positioning support the likelihood of recovery in the long term.

Still, investors need to act considering risks such as whale density, weak short-term metrics, and overall market conditions. In the coming weeks, whether the $2.80 level can be maintained will be decisive for the short-term direction of TON.


PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.

Friends who have not yet activated the Futures section will earn $10 when they activate it by entering my referral code 88623008. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who register on Binance without a referral, please listen carefully;

When you follow my instructions in order, you will earn 10 USDT.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who want to complete this transaction by April 10 to receive a 10 USDT reward can do so. After that, it will be sufficient to have a trading volume of $30 after activating your account. However, if you do this transaction after April 10, your reward will not come. Therefore, I recommend that you handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, as publishers, we know that we are doing everything we can for you. We communicate the services and opportunities provided to us by our authorities to you. I have never withheld my support from the cryptocurrency market or from you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures trading account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my referral code 88623008 when opening the FUTURES section. It is an easy process. I have shown below where it is.