At Extreme Investor Network, we pride ourselves on providing unique and valuable insights into the world of trading, investing, and the stock market. Today, we are diving into the recent movements in Toncoin and how the actions of the top 1,000 wallets may indicate future price movements.
According to data from Santiment, the Top 1,000 largest wallets recently engaged in a selling frenzy, reducing their cumulative balances to 6.02 million TON when Toncoin price hit an all-time high on June 12. However, as other investment opportunities seemed less lucrative, these Toncoin whales have started to increase their holdings once again.
In the past few days, the largest investors in Toncoin have acquired 180,000 TON, bringing their total balances to 6.2 million at the time of writing on June 15. With the current price of TON at $8, this means that these whales have effectively invested an additional $1.4 million in the last 48 hours.
This increased demand from the whales has played a role in the recent rally of Toncoin. The question now is, what does this mean for the future price forecast of Toncoin?
The recent rally to new all-time highs on June 15, fueled by whale demand, could signal potential for Toncoin to surpass the $10 milestone for the first time. If the majority of current TON holders continue to hold their positions and demand remains strong, we could see Toncoin break through this significant price point.
At Extreme Investor Network, we will continue to monitor the movements of Toncoin and provide our readers with in-depth analysis and forecasts to help navigate the ever-changing world of cryptocurrency trading. Stay tuned for more updates and insights from our team of experts.