The TON Blockchain has witnessed remarkable growth this year, expanding from 3.6 million addresses with a balance on January 1st to over 39.5 million today.

This surge underscores the increasing adoption and interest in the network.

Thanks to IntoTheBlock’s integration with the TON Blockchain, we now have a clearer view of TON token holders and their activities. Currently, 25% of holders are in profit, 20% are breaking even, and 55% are at a loss. Notably, large holders control a dominant 91% of the tokens, and the price of TON has a moderate correlation with Bitcoin.

TON Holders Show Strong Sentiments

Analyzing how long holders have kept their tokens, data reveals that 6% have held for more than a year, 73% for 1-12 months, and 22% for less than a month. In the past week alone, transactions exceeding $100,000 totaled $42.1 billion, while the Telegram community for TON grew by 1.25%.

Geographically, most transactions (57%) originated from Western regions, with 43% coming from Eastern regions. Exchanges saw a net inflow of $30.34 million, indicating active trading and interest in TON.

The overall outlook for TON is largely bullish, with three positive indicators and one neutral. On-chain data reflects similar sentiment, showing three positive and one neutral signal. Key metrics include a 3.51% increase in network growth, a neutral 0.07% of tokens being “in the money,” a bullish 0.07% concentration, and a bullish 1.98% rate of large transactions.

This data, derived from IntoTheBlock’s integration with the TON Blockchain, provides a comprehensive understanding of the TON token ecosystem, highlighting its rapid growth and the positive sentiment surrounding it.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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