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Cryptocurrency News Articles
Toncoin (TON) Rebounds by Over 3.5% Despite 96% of Addresses Running at a Loss
Mar 13, 2025 at 12:05 am
Toncoin (TON) has rebounded by over 3.5% on the cryptocurrency market in the last 24 hours. Despite this recovery, about 96% of TON addresses are running at a loss.
The cryptocurrency market has seen better days, with most investors still nursing their wounds from the bear market.
However, there is some hope on the horizon, as one coin has seen a slight rebound in the past 24 hours.
Toncoin (TON) is up by over 3.5% in the cryptocurrency market. Despite this recovery, about 96% of TON addresses are running at a loss.
This is a shocking shift from earlier this year, when it had more addresses in profits.
Indeed, data from blockchain analytics firm IntoTheBlock shows that 96% of holders are “out of money.”
The figures reveal that TON holders recorded $36.77 million in losses from net outflows within the last seven days.
Most of the losses came from large holders, who represent 96% of the total addresses.
Completing a seven-day net inflow at $36.4 million, small holders with less than $10,000 recorded the smallest loss.
After a seven-day price decline of 22.87%, TON fell to $2.39 support. However, it soon bounced back to current levels, which marks a 48-hour price change of 14.74%.
Despite this fluctuation, TON has maintained steady upward movement since the beginning of 2025. At the time, TON price was trading at $2.08.
As of writing, TON price was changing hands at $2.66, which represents a 4.77% increase in the last 24 hours, according to CoinMarketCap data.
Investors are yet to fully jump on board to purchase the coin as trading volume went down by 36.78% at $187.17 million.
This development raises concerns among community members. Notably, TON has been talked about much in the industry due to its astronomical growth in the past.
Earlier this year, when the coin was experiencing triple-digit gains, many rushed to invest in the asset, especially after Telegram announced its plans to integrate with Bitcoin (BTC).
At the time, the coin hit $5.67 highs after starting the year at $2.04.
However, this hype appears to have fizzled out as the asset slid back into bearish territory.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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