Toncoin Whales Break Record: Large Transfer Volume Surpasses $34 Billion
On-chain data shows the Toncoin (TON) whales have stepped up their activity level recently as their transaction volume has set a new high. Toncoin Large Transactions Volume Has Crossed $34 Billion According to data from the market intelligence platform IntoTheBlock, the Large Transactions Volume on the Toncoin network has continued to set new highs recently. […]
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On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator […]
Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily....
Despite a recent surge in activity from large investors, often referred to as “whales,” the price of Toncoin (TON) appears headed for choppier waters. This comes as analysts raise concerns about the cryptocurrency’s weakening technical indicators and its potential breach of a key support level. Related Reading: Crypto Alert: VeChain Bull Run Imminent, Expert Predicts 500% Rally Whales Make A Splash, But Can They Save The Day? In a recent report, Joao Wedson, a crypto analyst at CryptoQuant, observed a significant spike in whale activity on the Toncoin network.....
Bitcoin price action may be boring for many, but whales have been busier than ever behind the scenes, data suggests. Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior.Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC.Whale activity beats Bitcoin all-time highsDespite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin investors are anything but calm.In recent weeks, these whales have shifted more coins around the network than ever....
Data shows large transactions are rising in dominance as whales are moving their coins. This hints at Bitcoin’s increased maturation as a macro asset. Large Transactions Are On The Rise On The Bitcoin Network According to the latest weekly report from Glassnode, large transactions are becoming increasingly dominant on the BTC network, hinting that whales and institutional investors are showing rising interest in the crypto. The relevant indicator here is the total transfer volume breakdown by size (7-day moving average). This metric classifies the total transactions happening on the....