Ton_Coin_Surge
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Toncoin (TON) is making waves with a jaw-dropping 257% surge in large transaction volume, even as the market dips! đđ¸ Whales are on the move, and this could signal big things ahead. Dive into the #ToncoinSurge and letâs discuss what this means for the future of TON! đđ
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Toncoin Sees 257% Surge in Large Transaction Volume Amid Market Downturn
According to U.Today, Toncoin (TON) has witnessed a significant 257% surge in large transaction volume, a sign of substantial whale activity. This increase comes amidst a downturn in the crypto market, which has seen $321 million in liquidations. The large transaction volume, typically linked with cryptocurrency whales or investors holding large amounts of crypto, implies that these key players may be actively buying or selling Toncoin despite the overall negative market trend.
Data from IntoTheBlock reveals that Toncoin's large transaction volume has risen by 257.65% in the last 24 hours, reaching $7.58 million, or 962,270 TON in crypto terms. The crypto market has been under selling pressure, resulting in a significant sell-off across various digital assets. Toncoin has not been spared, currently down 9.16% in the last 24 hours to trade at $7.10. The token has also fallen by 7.68% in the last seven days.
Several factors could be contributing to the increased whale activity in Toncoin. Whales might be strategically accumulating TON in anticipation of future price increases or developments within the Toncoin ecosystem. Positive news or upcoming technological advancements related to Toncoin could be triggering increased interest and large transactions, with whales positioning themselves ahead.
Last month, Telegram CEO Pavel Durov introduced a TON-linked 'Stars' currency, which would allow users to purchase digital products and services via Telegram micro apps within a crypto-backed economy. Telegram mini-app developers can now sell digital goods and services in exchange for Stars, which can be converted into Toncoin. The TON token is currently the eighth most valuable cryptocurrency on the market with a worth of $17.5 billion.
Data from IntoTheBlock reveals that Toncoin's large transaction volume has risen by 257.65% in the last 24 hours, reaching $7.58 million, or 962,270 TON in crypto terms. The crypto market has been under selling pressure, resulting in a significant sell-off across various digital assets. Toncoin has not been spared, currently down 9.16% in the last 24 hours to trade at $7.10. The token has also fallen by 7.68% in the last seven days.
Several factors could be contributing to the increased whale activity in Toncoin. Whales might be strategically accumulating TON in anticipation of future price increases or developments within the Toncoin ecosystem. Positive news or upcoming technological advancements related to Toncoin could be triggering increased interest and large transactions, with whales positioning themselves ahead.
Last month, Telegram CEO Pavel Durov introduced a TON-linked 'Stars' currency, which would allow users to purchase digital products and services via Telegram micro apps within a crypto-backed economy. Telegram mini-app developers can now sell digital goods and services in exchange for Stars, which can be converted into Toncoin. The TON token is currently the eighth most valuable cryptocurrency on the market with a worth of $17.5 billion.
đ Daily Bulletin | July 10
đ¸ Crypto Fear & Greed Index hits lowest level since January 2023
đ¸ Ronaldinho joins Messi in promoting $WATER Solana memecoin
đ¸ Ethereum ETFs âclose to the finish lineâ â Bitwise exec
đ¸ Bank of Italy to release crypto guidelines in âcoming daysâ â Governor
đ¸ Nigerian minister urges SEC to tackle crypto regulation challenges
đ¸ CoinStats exploiter moves almost $1M to Tornado Cash
đ¸ Celestia's TIA Token Surges 25%, Leaves Crypto Traders in Disbelief
đ¸ Trump's New Crypto Enthusiasm Could Help Him Win More Votes Poll
đ¸ Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC
#newsdaily #NewsAboutCrypto #CryptoNewss #Ton_Coin_Surge #BinanceTournament
đ¸ Crypto Fear & Greed Index hits lowest level since January 2023
đ¸ Ronaldinho joins Messi in promoting $WATER Solana memecoin
đ¸ Ethereum ETFs âclose to the finish lineâ â Bitwise exec
đ¸ Bank of Italy to release crypto guidelines in âcoming daysâ â Governor
đ¸ Nigerian minister urges SEC to tackle crypto regulation challenges
đ¸ CoinStats exploiter moves almost $1M to Tornado Cash
đ¸ Celestia's TIA Token Surges 25%, Leaves Crypto Traders in Disbelief
đ¸ Trump's New Crypto Enthusiasm Could Help Him Win More Votes Poll
đ¸ Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC
#newsdaily #NewsAboutCrypto #CryptoNewss #Ton_Coin_Surge #BinanceTournament
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đ¨đ¨đ¨ Alert alert alert đ¨đ¨đ¨ Shocking news đ˛đ˛đ˛ đď¸ đŤ¨đŤ¨đŤ¨ Donât miss this news đđđđđđđđđđđđ đđđđđđđ
Bitcoin's current ratio MVRV is retesting its 365-day simple moving average (SMA), an important psychological level. The MVRV ratio, an on-chain indicator, compares Bitcoin's market value to its realized value, showing whether investors are in a profit or a loss. A value greater than 1 means that investors are in profit, while a value less than 1 indicates losses. When the ratio is exactly 1, investors are in a break-even state.
Since the all-time high (ATH) in March, the MVRV ratio has been declining due to bearish market momentum. Despite this, the current value is around 1.8, which indicates that investors are still in profit. Historically, the 365-day SMA has served as an important support level during uptrends. When the MVRV ratio crosses below this line, it often indicates a shift toward a downtrend.
This test of the 365-day SMA is important for Bitcoin. If this support is maintained, Bitcoin may avoid a prolonged bearish period. However, if the ratio falls below this SMA, it may indicate a prolonged downtrend. Currently, Bitcoin is trading at around $56,900, showing only a slight recovery from its recent collapse.
đ¤ Follow #MU_Traders
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7
Bitcoin's current ratio MVRV is retesting its 365-day simple moving average (SMA), an important psychological level. The MVRV ratio, an on-chain indicator, compares Bitcoin's market value to its realized value, showing whether investors are in a profit or a loss. A value greater than 1 means that investors are in profit, while a value less than 1 indicates losses. When the ratio is exactly 1, investors are in a break-even state.
Since the all-time high (ATH) in March, the MVRV ratio has been declining due to bearish market momentum. Despite this, the current value is around 1.8, which indicates that investors are still in profit. Historically, the 365-day SMA has served as an important support level during uptrends. When the MVRV ratio crosses below this line, it often indicates a shift toward a downtrend.
This test of the 365-day SMA is important for Bitcoin. If this support is maintained, Bitcoin may avoid a prolonged bearish period. However, if the ratio falls below this SMA, it may indicate a prolonged downtrend. Currently, Bitcoin is trading at around $56,900, showing only a slight recovery from its recent collapse.
đ¤ Follow #MU_Traders
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7
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Whale Psychology đł (Day 6) || Using blockchain analysis
Today, we'll explore how on-chain analysis can help you track whale movement. This powerful tool can give you insight into the behavior of top investors and help you predict market trends.
What is on-chain analysis?
On-chain analysis involves examining blockchain data to understand the behavior of cryptocurrency transactions. It provides a transparent view of all transactions, allowing you to track large transfers and wallet activities.
What is on-chain analysis?
On-chain analysis involves examining blockchain data to understand the behavior of cryptocurrency transactions. It provides a transparent view of all transactions, allowing you to track large transfers and wallet activities.