TON is one of the assets that cryptocurrency whales bought this week. This is highlighted by the net flow of its large holders, which has increased by almost 320% in the last seven days.
The net flow of large holders measures the difference between the amount of tokens that whales buy and sell during a specific period.
When the net flow of large holders of an asset sees a positive increase, wallets that hold more than 1% of the circulating supply of the asset are accumulating more tokens. This indicates growing confidence among these key holders and suggests a sustained price rally if they maintain demand.
Trading at 2.93 dollars at the time of publication, TON has risen 5% in the last week. If the accumulation by whales persists, the altcoin could rise above 3 dollars and try to stabilize above that price point.
On the other hand, if demand decreases, TON could lose its recent gains and fall to 2.71 dollars.