TON 质押 TVL 比率创下新低，表明 TON 价格上涨才刚刚开始

Toncoin 价格回升是过去一周加密货币市场为数不多的亮点之一。节日期间大盘气氛低迷

The Toncoin price has been on a roll lately, and it appears that the altcoin is finally entering its recovery phase. After a brutal bear market that saw TON’s value plummet by over 90%, the recent price rally is a welcome sight for investors.

Toncoin 的价格最近一直在上涨，看起来山寨币终于进入了复苏阶段。在经历了 TON 价值暴跌超过 90% 的残酷熊市之后，最近的价格上涨受到了投资者的欢迎。

As Toncoin approaches the $6 mark, a recent on-chain phenomenon suggests that the price rally for TON might just be getting started.

随着 Toncoin 接近 6 美元大关，最近的链上现象表明 TON 的价格上涨可能才刚刚开始。

Toncoin Staking TVL Ratio At A Low: What Happens Next?

Toncoin 质押 TVL 比率处于较低水平：接下来会发生什么？

In a recent Quicktake post on the CryptoQuant platform, an analyst pseudonymously known as Joaowedson discusses the dynamics between the staking TVL ratio and Toncoin price. According to the pseudonymous analyst, there is a correlation between the amount locked on TON and its price movements.

在 CryptoQuant 平台最近的一篇 Quicktake 帖子中，一位化名 Joaowedson 的分析师讨论了质押 TVL 比率和 Toncoin 价格之间的动态。这位匿名分析师表示，TON 的锁定金额与其价格走势之间存在相关性。

One trend observed is that investors tend to withdraw their assets to explore trading opportunities whenever there is a price increase. This phenomenon has also been observed in the TON ecosystem, with the TVL metric dropping in recent weeks.

观察到的一种趋势是，每当价格上涨时，投资者往往会撤回资产以寻找交易机会。在 TON 生态系统中也观察到了这种现象，近几周 TVL 指标有所下降。

Joaowedson highlights that the staking TVL ratio has reached new lows, coinciding with what appears to be a bottom for the Toncoin price. This ultimately suggests that the probability of an increase in the Toncoin price is higher.

Joaowedson 强调，质押 TVL 比率已达到新低，与 Toncoin 价格的底部一致。这最终表明 Toncoin 价格上涨的可能性较高。

While the concept of reduced interest in staking leading to a price increase may seem counterintuitive, it can be explained by the increase in liquidity available for trading.

虽然质押兴趣减少导致价格上涨的概念似乎违反直觉，但可以用可用于交易的流动性增加来解释。

As the Quicktake analyst puts it:

正如 Quicktake 分析师所说：

“When investors withdraw funds from staking, they usually move them to exchanges for a quick trade. This movement increases demand for the token and drives prices up.”

“当投资者从质押中提取资金时，他们通常会将资金转移到交易所进行快速交易。这一运动增加了对代币的需求并推高了价格。”

From a historical perspective, a similar situation occurred in March 2024 when the staking TVL ratio shrank drastically as the TON price surged to new highs.

从历史来看，类似的情况在2024年3月也出现过，当时质押TVL比例大幅下降，TON价格飙升至新高。

“Interestingly, as interest in staking diminished, funds started flowing into centralized exchanges (CEXs) and decentralized exchanges (DEXs) like Ston.FI and Dedust, boosting the TVL in those categories,” Joaowedson adds.

Joaowedson 补充道：“有趣的是，随着质押兴趣的减弱，资金开始流入中心化交易所 (CEX) 和去中心化交易所 (DEX)，如 Ston.FI 和 Dedust，从而提高了这些类别的 TVL。”

With investors being more willing to make their assets available for trading, there is a higher likelihood of price increases due to growing demand. If this holds true, the Toncoin price could return to levels close to its recent highs.

随着投资者更愿意将其资产用于交易，由于需求不断增长，价格上涨的可能性也更大。如果这是真的，Toncoin 的价格可能会回到接近近期高点的水平。

Toncoin Price At The Moment

目前 Toncoin 价格

At the time of writing, the Toncoin price is around $5.78, showing a 0.5% decrease in the past 24 hours. However, over the past week, TON’s value has risen by over 6%, according to data from CoinGecko.

截至撰写本文时，Toncoin 价格约为 5.78 美元，过去 24 小时内下跌 0.5%。然而，根据 CoinGecko 的数据，过去一周，TON 的价值上涨了 6% 以上。