Is Toncoin the New Gold? Find Out Why Everyone’s Talking! 💰

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So, Toncoin (TON) just took a little tumble—down 3% in the last 24 hours. It went from $3.50 to a cozy little $3.39. But don’t worry, it’s still lounging above a critical demand zone, which is like the safety net for this digital acrobat. 🎪

Psychological floor emerges for TON at $3.24

Ali Martinez, our favorite on-chain analyst (because who doesn’t love a good chain?), recently tweeted about a strong buying interest zone for Toncoin. Spoiler alert: it’s not a new restaurant opening in town.

Here’s the juicy part: 1.21 million wallets previously snagged 740 million TON at the $3.24 price level. That’s right, folks—widespread accumulation! It’s like a digital hoarding party, and everyone’s invited! 🎉

#Toncoin is holding above a major demand zone at $3.24, where 1.21 million wallets scooped up nearly 740 million $TON, shows on-chain data from @SentoraHQ. This level could act as strong support!

— Ali (@ali_charts) May 29, 2025

As of now, Toncoin is trading at $3.39, which is a 2.02% decline. And trading volume? Oh, it’s just slightly down by 0.64% to $785.66 million. No biggie, right? Just a casual day in the crypto world.

But wait! Ali believes that with so many wallets hoarding Toncoin at $3.24, these buyers might just swoop in like superheroes if the price drops. Think of them as the crypto Avengers, ready to save the day! 🦸‍♂️

In Ali’s chart, we see that 889.87 million TON, valued at $2.93 billion, are currently “In The Money.” That’s 90.26% of addresses! Less than 10%, or 95.46 million TON worth $314.32 million, are “Out of the Money.” So, basically, everyone’s winning except for a few sad wallets. 😢

This means that with over 90% of addresses being profitable, the Toncoin ecosystem is feeling pretty bullish. It’s like a pep rally, and everyone’s wearing their Toncoin jerseys! 📣

Could Toncoin challenge Stellar in market cap ranking?

As U.Today reported, Toncoin recently flipped Shiba Inu (SHIB) after it surged by a jaw-dropping 15%. Why? Because rumors of a partnership between Telegram and Grok are swirling around like confetti at a parade! 🎊

If the TON bulls can rally the troops and drive up volume with a buying spree, we might just see Toncoin solidify its 16th position in the cryptocurrency rankings. Who knows? A sustained rally could even see it challenge Stellar for 15th place. Talk about a glow-up! 🌟

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2025-05-29 18:51