Toncoin (TON) Poised for 20% Rally as Whale Activity and Open Interest Spike Fuel Bullish Outlook

Toncoin (TON) is showing strong momentum with a 1% gain on Wednesday, following Tuesday's 5% surge as it tests its 200-day Exponential Moving Average at $3.551. Technical analysis suggests a breakout toward $4.21, supported by significant whale accumulation and growing derivatives interest.

Santiment data indicates whales holding 100,000+ TON have added 120,000 tokens this month, increasing their collective holdings to 5.61 million. This accumulation pattern has historically preceded bullish movements, potentially signaling incoming investor participation.

TON's Open Interest surged 12.55% to $344.57 million in 24 hours, approaching record levels. The convergence of technical strength and institutional-scale positioning builds a compelling case for continued upward movement.