Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BITCOIN NEWS»Toncoin: Price Fluctuates Due to Billion Whale Activity
BITCOIN NEWS

Toncoin: Price Fluctuates Due to Billion Whale Activity

By Crypto FlexsMay 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Toncoin: Price Fluctuates Due to Billion Whale Activity
Share
Facebook Twitter LinkedIn Pinterest Email

Despite the recent surge in activity from large investors called “whales,” the price of Toncoin (TON) appears to be headed for a steeper trend. This comes as analysts have raised concerns about weakening technical indicators for the cryptocurrency and a possible breach of key support levels.

Related Reading

Whales are all the rage, but can they save the day?

In a recent report, Joao Wedson, a cryptocurrency analyst at CryptoQuant, observed a significant surge in whale activity on the Toncoin network. In the past few weeks, transactions exceeding 100,000 tonnes (equivalent to approximately $645,000 at current prices) have exceeded $1 billion. This indicates that major holders have been actively moving large amounts of TON. However, the purpose of this move remains unclear.

While whales are certainly making a splash, Wedson said this doesn’t necessarily translate into smooth sailing compared to TON prices. He pointed out that although large transactions dominate network size (more than 50%), their impact on prices appears to be minimal. Conversely, smaller transactions account for the majority of overall activity, but represent a much smaller portion of overall volume.

technical indicator flashing red

The price of Toncoin is showing signs of weakness despite the influx of whale activity. Notably, TON recently fell below the 20-day exponential moving average (EMA), a technical indicator used to measure short-term trends. This means that the average price of TON has been trending downward over the past 20 days, indicating a shift towards selling pressure.

Toncoin is currently trading at $6.52. chart; TradingView

The impending crossover of the Moving Average Convergence Divergence (MACD) indicator also adds to the bearish sentiment. The MACD line is likely to fall below the signal line, which traditionally signals loss of upward momentum and a possible price decline.

These technical indicators are flashing red flags for TON. If the price breaks the lower line of the rising channel that has been acting as support, there is a clear possibility that it will fall to $5.70.

Related Reading

Is this a buying opportunity or a sinking ship?

The current situation surrounding Toncoin presents a conundrum for investors. Significant whale activity suggests potential bullish interest, but technical indicators paint a bleak picture.

Key questions still remain. Are whales accumulating or distributing? If it is accumulating, it may be a buying opportunity before the price rebounds. But if they sell their holdings, it could be a sign that the ship is in trouble.

Featured image by Vikks/Shutterstock, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Bitcoin Market Bullish? DL Mining Launches $100 Bonus + Sustainable Cloud Mining

July 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025
Most Popular

Elon Musk wants everyone to pay to use X, but can they pay with Dogecoin?

April 16, 2024

The adoption of this crypto asset class will increase demand for Bitcoin and Ethereum: Devere Group CEO NIGEL Green

March 30, 2025

Bitcoin reopened the new top score and the Pairminer helps you easily earn $ 12,800 a day.

May 1, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.