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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    Top NFT Performers of the Week, Courtyard and Pudgy Penguins Secure Top Positions

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

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    NFT sales jump 29% to $159.6m, Pudgy Penguins surges 247%

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

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    Boxed Memecoins as Collectible Toys

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    What AI Search Engines Get Wrong About NFTs

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    Shadow War Joins Nexus Night to Redefine DeFi

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  • Blockchain
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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    How It Works and What to Watch Out For

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    Crypto Risk Management Strategies for Trading (2025)

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    Top NFT Performers of the Week, Courtyard and Pudgy Penguins Secure Top Positions

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

    NFT sales jump 29% to $159.6m, Pudgy Penguins surges 247%

    NFT sales jump 29% to $159.6m, Pudgy Penguins surges 247%

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Boxed Memecoins as Collectible Toys

    Boxed Memecoins as Collectible Toys

  • Gaming
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    What AI Search Engines Get Wrong About NFTs

    Shadow War Joins Nexus Night to Redefine DeFi

    Shadow War Joins Nexus Night to Redefine DeFi

    OpenSea’s Rally Acquisition Signals a Shift—But Toward What?

    OpenSea’s Rally Acquisition Signals a Shift—But Toward What?

    CARV Joins Anomaly Games to Redefine AI-Led Gaming Interoperability

    CARV Joins Anomaly Games to Redefine AI-Led Gaming Interoperability

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

    Crypto games are struggling in 2025, but big brands aren’t giving up

    Crypto games are struggling in 2025, but big brands aren’t giving up

    Taking Back Identity: How MocaChain Decentralizes Digital Power

    Taking Back Identity: How MocaChain Decentralizes Digital Power

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Altcoins

Whales flock to Toncoin despite price risks: What’s your move?

May 31, 2024
in Altcoins
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Whales flock to Toncoin despite price risks: What’s your move?
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  • Toncoin has seen an uptick in whale accumulation. 
  • However, it remains at risk of decline.

Toncoin [TON] has seen a surge in whale activity on its network in the past few weeks, CryptoQuant analyst Joao Wedson found in a new report. 

According to Wedson, there has been a notable uptick in wallet addresses holding between 100,000 and 1 million TON tokens. 

Wedson argued that:

“Such behavior from major players is often a strong indicator of the asset’s potential and perceived value. Their growing accumulation signals a positive outlook and a belief in the continued growth and stability of TON.”

However, the ongoing whale accumulation has failed to move the needles, as readings from TON’s price chart showed that it may be poised for a short-term decline.

TON has a rough road ahead of it

At press time, the altcoin exchanged hands at $6.43. While its value has risen by 20% in the last month, TON may soon shed some of these gains. 

Despite TON’s price growth, its Relative Strength Index (RSI) and Money Flow Index (MFI) have declined, thereby creating a bearish divergence. At press time, TON’s RSI was 52.57, while its MFI was 23.39.

At these values, the indicators showed that even though TON’s price has risen in the past few weeks, the underlying buying pressure might be weakening.

The divergence formed tells market participants that the uptrend might be nearing exhaustion, and a potential decline is on the horizon. 

Confirming the possibility of a downtrend, the dots of TON’s Parabolic SAR indicator rested above its price. 

This indicator identifies an asset’s potential trend direction and price reversals. When its dotted lines are placed above an asset’s price, the market is said to be in decline. This indicates that buying pressure is weak, and the asset’s price may witness a decline. 

See also  Can Polkadot outshine Solana and Avalanche in 2024?

In addition, TON’s MACD line (blue) rested below its signal line (orange) as of this writing.


Is your portfolio green? Check the Toncoin [TON] Profit Calculator


This setup is regarded as bearish as it signaled that TON’s upward momentum has weakened, and its shorter-term moving average (MACD line) was now falling faster than the longer-term moving average.

TON 1-Day Chart

Source: TON/USDT, TradingView

Traders often interpret it as a sign to exit short and take long positions. 

Next: BOB crypto gears up for airdrop: Network activity, TVL surge

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • Toncoin has seen an uptick in whale accumulation. 
  • However, it remains at risk of decline.

Toncoin [TON] has seen a surge in whale activity on its network in the past few weeks, CryptoQuant analyst Joao Wedson found in a new report. 

According to Wedson, there has been a notable uptick in wallet addresses holding between 100,000 and 1 million TON tokens. 

Wedson argued that:

“Such behavior from major players is often a strong indicator of the asset’s potential and perceived value. Their growing accumulation signals a positive outlook and a belief in the continued growth and stability of TON.”

However, the ongoing whale accumulation has failed to move the needles, as readings from TON’s price chart showed that it may be poised for a short-term decline.

TON has a rough road ahead of it

At press time, the altcoin exchanged hands at $6.43. While its value has risen by 20% in the last month, TON may soon shed some of these gains. 

See also  Dogecoin Rallies To 4-Month Highs, Can Bulls Take It Above $0.3?

Despite TON’s price growth, its Relative Strength Index (RSI) and Money Flow Index (MFI) have declined, thereby creating a bearish divergence. At press time, TON’s RSI was 52.57, while its MFI was 23.39.

At these values, the indicators showed that even though TON’s price has risen in the past few weeks, the underlying buying pressure might be weakening.

The divergence formed tells market participants that the uptrend might be nearing exhaustion, and a potential decline is on the horizon. 

Confirming the possibility of a downtrend, the dots of TON’s Parabolic SAR indicator rested above its price. 

This indicator identifies an asset’s potential trend direction and price reversals. When its dotted lines are placed above an asset’s price, the market is said to be in decline. This indicates that buying pressure is weak, and the asset’s price may witness a decline. 

In addition, TON’s MACD line (blue) rested below its signal line (orange) as of this writing.


Is your portfolio green? Check the Toncoin [TON] Profit Calculator


This setup is regarded as bearish as it signaled that TON’s upward momentum has weakened, and its shorter-term moving average (MACD line) was now falling faster than the longer-term moving average.

TON 1-Day Chart

Source: TON/USDT, TradingView

Traders often interpret it as a sign to exit short and take long positions. 

Next: BOB crypto gears up for airdrop: Network activity, TVL surge
Tags: FlockmovePriceRisksToncoinwhalesWhats

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