Toncoin (TON) Whale Activity Surges 42% Amid Growing Network Adoption
Toncoin (TON) is displaying strong bullish momentum with whale inflows increasing by 42% this week, alongside a 34% rise in transaction volume. The cryptocurrency is maintaining crucial support between $2.60 and $2.70 while challenging resistance levels at $3.15 and $3.28.
Network data shows a 29.63% jump in new addresses and a 23.08% increase in zero-balance wallets, indicating broader adoption despite a slight 3.76% decline in active addresses. The +41% DAA divergence suggests that user growth could be a precursor to price gains.
Whale accumulation is evident as large holder netflows have sharply reversed. A breakout above $3.28 could pave the way for targets at $3.46 and $3.69, though the descending trendline remains a near-term obstacle.