Over 90% of Toncoin Holders Currently in the Red
Latest on-chain data shows that 91% of Toncoin (TON) holders are currently holding their tokens at a loss, with just 6% in profit and 3% at breakeven.
The figures reflect growing pressure on investors as the token trades around $3.14, down 0.27% in the last 24 hours.
Despite the price struggles, large transaction volume remains high, exceeding $27 billion in the past seven days, while 91% of TON is concentrated in large wallets, suggesting whales still dominate the supply.
Weak Sentiment, Poor Correlation, and Negative Flows
TON’s correlation with Bitcoin sits at just 0.12, indicating the asset is moving largely independent of broader market trends. Meanwhile, netflows show – $1.85 million over the past week—evidence of steady capital outflows.
Community engagement appears to be cooling as well, with a 0.34% drop in Telegram members over the same period.
Outlook Hinges on Support and Liquidity Moves
Most holders have entered the market within the past year (82% between 1–12 months), and only 15% have held TON for over a year, showing a relatively young holder base.
With current prices pressing long-term pain points, any relief rally may depend on renewed demand or reduced sell pressure.
If the outflows continue and sentiment doesn’t improve, Toncoin risks deeper losses as holders begin to capitulate.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
