Toncoin (TON) Market Update

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, a shocking shift from earlier this year when it had more addresses in profit. IntoTheBlock data shows that 96% of holders are “out of money.”

TON’s Price Action and Investor Sentiment

The figures reveal that TON holders recorded $36.77 million in losses from net outflows within the last seven days. Most losses came from larger holders, who represent 96% of the total addresses.

TON has been on a nosedive over the last week, briefly breaching the $2.40 support level to trade at $2.39. However, it soon rebounded to its current level some 48 hours ago. Despite fluctuations, TON has maintained steady upward movement.

As of this writing, TON’s price was changing hands at $2.66, representing 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 is down by 36.78% at $187.17 million. This development raises concerns among community members. Notably, TON has been heavily discussed in the industry due to its astronomical growth in the past.

What’s Next for Toncoin?

Interestingly, TON achieved a significant milestone in May 2024 when it climbed into the world’s top 10 digital assets by market capitalization, hitting over $20 billion to occupy ninth place, flipping Cardano (ADA).

Analysts attributed its rapid growth to the mass adoption it experienced in the crypto space, primarily leveraging Telegram’s massive user base, which has close to a billion active users monthly.

Many had anticipated a comeback in mid-January as the asset entered a low-risk phase with bullish technical indicators. However, TON could not maintain its $5.67 price and failed to seek higher levels.

Now, TON is occupying 21st place in the rankings as the hype seems to have faded among users. Toncoin’s volatility since the beginning of 2025 has not rekindled investors’ interest in the asset.

Market watchers are keen to see if the Toncoin ecosystem can halt the losses and initiate a price rediscovery.