TON Holders See Modest Gains; 26% In Profit, Majority Still Underwater

Recent analysis reveals that #TON holders are experiencing slight improvements, with 26% now in profit as the token’s price hovers at $5.26.

Just six days ago, when the price was $4.63, only 9% of investors were seeing gains. Despite the positive shift, the majority—56%—still find themselves in the red, although this is a decrease from 86% last week.

Meanwhile, 18% of holders are now breaking even, up from a mere 5% in the previous week.

There has also been notable movement in the holding patterns among TON investors. At present, just 4% of TON wallets have held the cryptocurrency for over a year, a slight drop from 5% a week earlier.

In contrast, 57% of wallets have held TON for less than a year, down from 62%. However, the number of new investors is growing, with 38% of wallets now holding TON for under a month, compared to 33% just six days ago.

This rise points to an influx of fresh market participants.

$TON Holders See Recovery; 26% in Profit, Most Still in Loss

Recent data shows a modest improvement for #TON holders, with 26% currently in profit at the price of $5.26. Just six days ago, only 9% of holders were in profit when the price was $4.63. However, the… pic.twitter.com/GBtFoB0RCM

— THE TON REPORT (@TheTONReport) September 10, 2024

Over the past week, transactions exceeding $100,000 amounted to nearly $32 billion, demonstrating continued high-volume trading. In the past two weeks, 56% of all TON transactions took place during western trading hours (10 AM to 10 PM UTC), while the remaining 44% occurred during eastern hours (10 PM to 10 AM UTC), illustrating TON’s global trading appeal.

The data reflects a mild recovery in TON’s market position, with more holders reaching a break-even point or small profits. However, many investors are still contending with losses as they navigate the market’s ongoing challenges.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: stlegat/123RF / Image Effects by Colorcinch

The post TON Holders See Modest Gains; 26% In Profit, Majority Still Underwater appeared first on The Merkle News.