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Bitcoin Bitcoin (BTC) $118,001.81 ↑ 0.41%
Ethereum Ethereum (ETH) $3,755.96 ↑ 0.93%
XRP XRP (XRP) $3.18 ↑ 1.49%
Tether USDt Tether USDt (USDT) $1.00 ↓ 0.00%
BNB BNB (BNB) $797.44 ↑ 1.91%
Solana Solana (SOL) $185.45 ↓ -0.21%
USDC USDC (USDC) $1.00 ↓ -0.03%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.47%
TRON TRON (TRX) $0.32 ↑ 0.82%
Cardano Cardano (ADA) $0.82 ↑ 0.55%
Hyperliquid Hyperliquid (HYPE) $43.20 ↓ -2.14%
Sui Sui (SUI) $4.13 ↑ 3.72%
Stellar Stellar (XLM) $0.44 ↑ 0.57%
Chainlink Chainlink (LINK) $18.48 ↑ 1.20%
Hedera Hedera (HBAR) $0.28 ↑ 7.23%
Bitcoin Cash Bitcoin Cash (BCH) $556.76 ↑ 0.54%
Avalanche Avalanche (AVAX) $24.98 ↑ 4.30%
Litecoin Litecoin (LTC) $113.89 ↑ 0.63%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.05%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.14%
Toncoin Toncoin (TON) $3.30 ↑ 3.36%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.55 ↑ 1.06%
Polkadot Polkadot (DOT) $4.13 ↑ 1.05%
Monero Monero (XMR) $321.59 ↓ -0.63%
Dai Dai (DAI) $1.00 ↓ 0.00%
Bitget Token Bitget Token (BGB) $4.57 ↓ -0.06%
Pepe Pepe (PEPE) $0.00 ↓ -0.62%
Cronos Cronos (CRO) $0.14 ↑ 7.59%
Aave Aave (AAVE) $295.77 ↑ 0.27%
Bittensor Bittensor (TAO) $427.61 ↑ 0.63%
Ethena Ethena (ENA) $0.64 ↑ 5.49%
NEAR Protocol NEAR Protocol (NEAR) $2.89 ↑ 0.57%
Ethereum Classic Ethereum Classic (ETC) $22.88 ↑ 1.21%
Pi Pi (PI) $0.44 ↓ -0.16%
Ondo Ondo (ONDO) $1.05 ↑ 0.80%
Aptos Aptos (APT) $4.81 ↑ 1.19%
Internet Computer Internet Computer (ICP) $5.64 ↑ 0.58%
OKB OKB (OKB) $48.64 ↑ 0.95%
Bonk Bonk (BONK) $0.00 ↓ -4.38%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 10.94%
Mantle Mantle (MNT) $0.80 ↑ 4.25%
Kaspa Kaspa (KAS) $0.10 ↓ -1.69%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.90%
Algorand Algorand (ALGO) $0.27 ↑ 2.88%
Arbitrum Arbitrum (ARB) $0.45 ↑ 1.51%
VeChain VeChain (VET) $0.03 ↑ 0.62%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.09%
GateToken GateToken (GT) $17.82 ↑ 1.40%
Render Render (RENDER) $4.22 ↓ -0.35%
Worldcoin Worldcoin (WLD) $1.16 ↓ -0.01%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.16 ↑ 0.70%
Sky Sky (SKY) $0.09 ↑ 1.73%
Sei Sei (SEI) $0.34 ↑ 2.16%
Cosmos Cosmos (ATOM) $4.77 ↑ 1.32%
SPX6900 SPX6900 (SPX) $1.98 ↑ 0.15%
Filecoin Filecoin (FIL) $2.67 ↑ 0.99%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.28%
Flare Flare (FLR) $0.03 ↑ 11.47%
Jupiter Jupiter (JUP) $0.56 ↑ 1.21%
Story Story (IP) $5.52 ↑ 1.55%
Curve DAO Token Curve DAO Token (CRV) $1.12 ↑ 7.63%
Injective Injective (INJ) $14.92 ↑ 6.15%
Quant Quant (QNT) $123.25 ↑ 1.62%
KuCoin Token KuCoin Token (KCS) $11.63 ↓ -3.02%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 3.84%
Celestia Celestia (TIA) $1.94 ↓ -0.78%
Fartcoin Fartcoin (FARTCOIN) $1.32 ↓ -2.48%
Four Four (FORM) $3.37 ↓ -0.43%
Stacks Stacks (STX) $0.81 ↑ 0.45%
Optimism Optimism (OP) $0.72 ↑ 0.66%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.24%
Ethereum Name Service Ethereum Name Service (ENS) $30.47 ↑ 6.48%
Immutable Immutable (IMX) $0.57 ↑ 0.73%
dogwifhat dogwifhat (WIF) $1.07 ↓ -0.40%
The Graph The Graph (GRT) $0.11 ↑ 0.32%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.49%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 4.18%
Kaia Kaia (KAIA) $0.17 ↑ 1.48%
PancakeSwap PancakeSwap (CAKE) $2.83 ↑ 3.09%
Lido DAO Lido DAO (LDO) $1.08 ↓ -1.26%
Sonic Sonic (S) $0.34 ↑ 0.50%
PAX Gold PAX Gold (PAXG) $3,356.28 ↑ 0.07%
Tezos Tezos (XTZ) $0.89 ↑ 0.05%
Conflux Conflux (CFX) $0.18 ↓ -1.10%
Vaulta Vaulta (A) $0.57 ↓ -0.77%
Theta Network Theta Network (THETA) $0.89 ↑ 1.24%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.29%
Nexo Nexo (NEXO) $1.31 ↓ -0.47%
IOTA IOTA (IOTA) $0.21 ↑ 1.72%
Tether Gold Tether Gold (XAUt) $3,347.95 ↑ 0.06%
Raydium Raydium (RAY) $3.05 ↑ 1.45%
Gala Gala (GALA) $0.02 ↑ 0.94%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.05%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↓ -0.35%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.13%
Pendle Pendle (PENDLE) $4.43 ↓ -2.00%
Jito Jito (JTO) $2.00 ↑ 1.22%
Bitcoin Bitcoin (BTC) $118,001.81 ↑ 0.41%
Ethereum Ethereum (ETH) $3,755.96 ↑ 0.93%
XRP XRP (XRP) $3.18 ↑ 1.49%
Tether USDt Tether USDt (USDT) $1.00 ↓ 0.00%
BNB BNB (BNB) $797.44 ↑ 1.91%
Solana Solana (SOL) $185.45 ↓ -0.21%
USDC USDC (USDC) $1.00 ↓ -0.03%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.47%
TRON TRON (TRX) $0.32 ↑ 0.82%
Cardano Cardano (ADA) $0.82 ↑ 0.55%
Hyperliquid Hyperliquid (HYPE) $43.20 ↓ -2.14%
Sui Sui (SUI) $4.13 ↑ 3.72%
Stellar Stellar (XLM) $0.44 ↑ 0.57%
Chainlink Chainlink (LINK) $18.48 ↑ 1.20%
Hedera Hedera (HBAR) $0.28 ↑ 7.23%
Bitcoin Cash Bitcoin Cash (BCH) $556.76 ↑ 0.54%
Avalanche Avalanche (AVAX) $24.98 ↑ 4.30%
Litecoin Litecoin (LTC) $113.89 ↑ 0.63%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.05%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.14%
Toncoin Toncoin (TON) $3.30 ↑ 3.36%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.55 ↑ 1.06%
Polkadot Polkadot (DOT) $4.13 ↑ 1.05%
Monero Monero (XMR) $321.59 ↓ -0.63%
Dai Dai (DAI) $1.00 ↓ 0.00%
Bitget Token Bitget Token (BGB) $4.57 ↓ -0.06%
Pepe Pepe (PEPE) $0.00 ↓ -0.62%
Cronos Cronos (CRO) $0.14 ↑ 7.59%
Aave Aave (AAVE) $295.77 ↑ 0.27%
Bittensor Bittensor (TAO) $427.61 ↑ 0.63%
Ethena Ethena (ENA) $0.64 ↑ 5.49%
NEAR Protocol NEAR Protocol (NEAR) $2.89 ↑ 0.57%
Ethereum Classic Ethereum Classic (ETC) $22.88 ↑ 1.21%
Pi Pi (PI) $0.44 ↓ -0.16%
Ondo Ondo (ONDO) $1.05 ↑ 0.80%
Aptos Aptos (APT) $4.81 ↑ 1.19%
Internet Computer Internet Computer (ICP) $5.64 ↑ 0.58%
OKB OKB (OKB) $48.64 ↑ 0.95%
Bonk Bonk (BONK) $0.00 ↓ -4.38%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 10.94%
Mantle Mantle (MNT) $0.80 ↑ 4.25%
Kaspa Kaspa (KAS) $0.10 ↓ -1.69%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.90%
Algorand Algorand (ALGO) $0.27 ↑ 2.88%
Arbitrum Arbitrum (ARB) $0.45 ↑ 1.51%
VeChain VeChain (VET) $0.03 ↑ 0.62%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.09%
GateToken GateToken (GT) $17.82 ↑ 1.40%
Render Render (RENDER) $4.22 ↓ -0.35%
Worldcoin Worldcoin (WLD) $1.16 ↓ -0.01%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.16 ↑ 0.70%
Sky Sky (SKY) $0.09 ↑ 1.73%
Sei Sei (SEI) $0.34 ↑ 2.16%
Cosmos Cosmos (ATOM) $4.77 ↑ 1.32%
SPX6900 SPX6900 (SPX) $1.98 ↑ 0.15%
Filecoin Filecoin (FIL) $2.67 ↑ 0.99%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.28%
Flare Flare (FLR) $0.03 ↑ 11.47%
Jupiter Jupiter (JUP) $0.56 ↑ 1.21%
Story Story (IP) $5.52 ↑ 1.55%
Curve DAO Token Curve DAO Token (CRV) $1.12 ↑ 7.63%
Injective Injective (INJ) $14.92 ↑ 6.15%
Quant Quant (QNT) $123.25 ↑ 1.62%
KuCoin Token KuCoin Token (KCS) $11.63 ↓ -3.02%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 3.84%
Celestia Celestia (TIA) $1.94 ↓ -0.78%
Fartcoin Fartcoin (FARTCOIN) $1.32 ↓ -2.48%
Four Four (FORM) $3.37 ↓ -0.43%
Stacks Stacks (STX) $0.81 ↑ 0.45%
Optimism Optimism (OP) $0.72 ↑ 0.66%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.24%
Ethereum Name Service Ethereum Name Service (ENS) $30.47 ↑ 6.48%
Immutable Immutable (IMX) $0.57 ↑ 0.73%
dogwifhat dogwifhat (WIF) $1.07 ↓ -0.40%
The Graph The Graph (GRT) $0.11 ↑ 0.32%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.49%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 4.18%
Kaia Kaia (KAIA) $0.17 ↑ 1.48%
PancakeSwap PancakeSwap (CAKE) $2.83 ↑ 3.09%
Lido DAO Lido DAO (LDO) $1.08 ↓ -1.26%
Sonic Sonic (S) $0.34 ↑ 0.50%
PAX Gold PAX Gold (PAXG) $3,356.28 ↑ 0.07%
Tezos Tezos (XTZ) $0.89 ↑ 0.05%
Conflux Conflux (CFX) $0.18 ↓ -1.10%
Vaulta Vaulta (A) $0.57 ↓ -0.77%
Theta Network Theta Network (THETA) $0.89 ↑ 1.24%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.29%
Nexo Nexo (NEXO) $1.31 ↓ -0.47%
IOTA IOTA (IOTA) $0.21 ↑ 1.72%
Tether Gold Tether Gold (XAUt) $3,347.95 ↑ 0.06%
Raydium Raydium (RAY) $3.05 ↑ 1.45%
Gala Gala (GALA) $0.02 ↑ 0.94%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.05%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↓ -0.35%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.13%
Pendle Pendle (PENDLE) $4.43 ↓ -2.00%
Jito Jito (JTO) $2.00 ↑ 1.22%
Home Cryptocurrency

Whales Take Control of This Altcoin: Is the $6 Target for Toncoin Within Reach?

Marc Paillard by Marc Paillard
10 September 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
toncoin whale 6 dollar

Toncoin whales are back in action! Following the release of Pavel Durov, the price of Toncoin is showing signs of recovery. With whales controlling 53% of TON’s supply, could the altcoin’s target be $6? Will Toncoin continue its upward trend?

Table of Contents

Toggle
  • Pavel Durov’s Release Boosts Toncoin
    • YOU MAY BE INTERESTED
    • Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For
    • Charge with the Bulls: MoonBull Whitelist Opens Early Access for the Hottest New Meme Coin –  SLERF and Cheems Still Climbing
  • Toncoin Whales Continue to Push Forward
  • Whales and Long-Term Strategies
  • The Next Target for Toncoin

Pavel Durov’s Release Boosts Toncoin

The release of Telegram founder and CEO Pavel Durov has created a positive atmosphere in the crypto world, and Toncoin whales have returned to the market. Large investors have significantly increased their Toncoin holdings, now controlling more than 53% of the total supply.

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Toncoin, one of the surprise performers of this year, saw rapid growth in 2024 alongside The Open Network (TON), the blockchain associated with Telegram. Now, the altcoin is on a path to regain lost ground and set new highs.

Toncoin Whales Continue to Push Forward

Over the past few months, Toncoin has experienced significant volatility. While it saw impressive growth in 2024, the altcoin faced a sharp drop in late August following Durov’s arrest, causing panic among investors and a wave of sell-offs. However, recent developments indicate a market recovery, with TON showing signs of bouncing back.

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toncoin price prediction

 

Over the past 30 days, Toncoin has dropped by 23%, but according to CoinGecko data, it has gained more than 7% in the last 24 hours alone. This sudden surge is largely attributed to the renewed activity of whales. Analysts believe this movement could push TON’s price up to $6.

Whales and Long-Term Strategies

Santiment data reveals that wallets holding between 10,000 and 1,000,000 TON have increased by 3% in the past week. During Durov’s detention, these numbers had plummeted as panic selling dominated the market. However, the current picture is very different, with significant reductions in sell-offs. Notably, the amount of TON on exchanges has dropped by 5%, indicating that investors are now thinking more long-term.

The Next Target for Toncoin

The entire crypto community is now focused on Toncoin’s future. If demand continues at its current pace, analysts believe the first target will be $5.30. Should this level be breached, Toncoin could rise to $5.95, setting a new all-time high.

Tags: $6 Toncoin targetPavel DurovTON pricetoncointoncoin pricetoncoin whalesTurkish NY Radio
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Marc Paillard

Marc Paillard

Business and Economy Writer Hello there! My name is Marc Paillard and I am a journalist with a passion for economics and cryptocurrency. With over 10 years of experience in the field, I have a keen interest in global economics and how it affects our daily lives. As a daily news writer, I am committed to delivering accurate and timely information to my readers. I believe that staying informed is crucial to making smart decisions, and I work hard to provide my readers with the insights they need to succeed. In addition to my work in general economics, I am also deeply interested in the world of cryptocurrency. I believe that these innovative technologies have the potential to transform the financial industry, and I enjoy exploring the possibilities through my writing.

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