当本地令牌试图重新测试其ATH时，吨硬币鲸再次移动

在过去的两周中，本地硬币吨硬币可以说是表现出色的山寨币之一。

Toncoin (TON) has arguably been one of the top performing altcoins in the last 2 weeks. It’s also one of the more interesting ones in the last 4 weeks and its performance reveals a lot especially in regards to whale activity.

在过去的两周中，吨币（吨）可以说是表现出色的山寨币之一。它也是过去四个星期中最有趣的过程之一，其性能揭示了很多，尤其是在鲸鱼活动方面。

But before we get to the whales, Toncoin pulled off a 55% gain from its lowest price so far this month, to its $3.67 press time price tag. This also means it was back to the same price level where it previously experienced a lot of sideways movement and uncertainty in February.

但是，在我们到达鲸鱼之前，汤币从本月迄今为止的最低价格上提取了55％的收益，到了3.67美元的新闻时间价格。这也意味着它又回到了同一价格水平，在2月以前经历了很多侧向运动和不确定性。

The retest of this previously significant price level brings forth some interesting questions. Will the bulls maintain their uphill climb, find indecisiveness or give way to the bears?

重新测试以前重要的价格水平提出了一些有趣的问题。公牛会维持他们的上坡攀登，找到优柔寡断或让位给熊吗？

TON Coin Whales on the Move Again

吨硬币鲸再次移动

It is worth noting that price was not overbought at the time of observation. However, this may not offer much security against the downside for one main reason. Whales appear to be taking profit after the recent upside.

值得注意的是，在观察时价格并未过多。但是，由于一个主要原因，这可能不会为缺点提供太多安全性。在最近的上升空间之后，鲸鱼似乎正在获利。

TON large holder flows were in the negative at the time of observation, by -7.55 million coins. In other words, whales sold over $27 million worth of Toncoins on 18 March.

在观察时，大型持有人的流量为-755万硬币。换句话说，鲸鱼在3月18日售出了价值超过2700万美元的吨位。

Whale inducement was observed before every dip and rally within the last 4 weeks. In this case, the negative large holder flows could signal a surge in profit-taking after the latest upside.

在过去4周内的每次浸和集会之前，都观察到鲸鱼诱导。在这种情况下，负大持有人的流量可能表明在最新上涨之后的利润率激增。

This could potentially curtail Toncoin’s upside and perhaps even trigger a wave of sell pressure that might be enough to cause a bearish pivot. At least that could be the case in the short term especially as the markets remain skittish due to political-economic influences.

这可能会减少吨币的上升空间，甚至可能触发一波卖出压力，这可能足以引起看跌的枢轴。至少在短期内可能是这种情况，尤其是由于政治经济的影响而导致市场仍然很棒。

Toncoin Funding Rates Pivot

吨币资金率枢轴

Ton coin derivatives still maintained a positive stance at the time of observation. Open interest was up 2.4% while volume was up by 8.12%. Spot flows also remained in the green with about $7.57 million worth of inflows in the last 3 days.

在观察时，吨硬币衍生物仍然保持积极的立场。开放兴趣上涨了2.4％，而数量增长了8.12％。现场流也保持在果岭中，过去3天的流入价值约为757万美元。

While spot and derivatives activity demonstrated that Toncoin was still experiencing healthy demand, funding rates told a different story. Funding rates shifted back to negative in the last 24 hours.

虽然现场和衍生品活动表明吨币仍在经历健康的需求，但资金率讲述了一个不同的故事。在过去的24小时内，资金率转移到负面。

The negative funding rates indicate a surge in short positions, which signals that investors are anticipating some downside.

负资金率表明短缺的激增，这表明投资者预计会有一些不利之处。

Despite the surging bearish expectations, the recent leverage shakedown may limit downside. Meanwhile, Toncoin’s long term outlook remains bullish on account of multiple factors.

尽管看跌期权有所激增，但最近的杠杆作用可能会限制下跌。同时，由于多种因素，Toncoin的长期前景仍然看涨。

TON was one of the fastest growing networks in the last 12 months. Its latest activities highlight its determination to maintain the status quo. For example, its Tonco.io DEX which launched in Q4 2024 may pave the way for more Toncoin organic demand.

吨是过去12个月增长最快的网络之一。它的最新活动突出了其保持现状的决心。例如，其在第4季度2024年推出的Tonco.io Dex可能为更多的吨币有机需求铺平了道路。

Toncoin is still trading a considerable discount (55%) from its historic peak in June. It managed to tap heavily to growth opportunities especially though play-to-earn games on Telegram.

与6月的历史高峰相比，Toncoin仍在交易折扣（55％）。它设法大量利用了增长机会，尤其是在电报上的游戏到欧文游戏时。

Now that controversy around its founder has subsided, it will be interesting to see where and how Ton coin price will secure its next catalyst.

现在，围绕其创始人的争议消退了，看看吨硬币价格将在哪里以及如何确保其下一个催化剂的位置以及如何确保其下一个催化剂会很有趣。