26% of Toncoin Investors Now in Profit, Data Reveals

• Recent data shows 26% of Toncoin holders are now in profit, up from just 9% last week.
• A growing 38% of wallets hold Toncoin for less than a month, highlighting new market entrants.

According to recent data from IntoTheblock, Toncoin (TON) investors have seen a slight improvement. At $5.26 per TON, 26% of holders are currently in profit. This represents a considerable increase from just six days ago, when only 9% of holders were profitable at a lower price of $4.63.

Despite this, the majority—56%—are still losing money, but this is a step up from last week’s 86%. Additionally, 18% of holdings have now achieved the break-even mark, a significant rise from 5% last week.

$TON Holders See Recovery; 26% in Profit, Most Still in Loss

Recent data shows a modest improvement for #TON holders, with 26% currently in profit at the price of $5.26. Just six days ago, only 9% of holders were in profit when the price was $4.63. However, the… pic.twitter.com/GBtFoB0RCM

— THE TON REPORT (@TheTONReport) September 10, 2024

Shifting Holding Patterns Reflect Increased Interest in Toncoin 

TON investors holding patterns have also shifted significantly. Currently, only 4% of TON wallets have kept the cryptocurrency for more than a year, down from 5% a week earlier. This shows a little decline in long-term holdings.

In contrast, 57% of TON wallets have held the token for less than a year, a decrease from 62% during the same timeframe. More significantly, 38% of wallets have held TON for less than a month, up from 33%, showing an increase in new participants into the marketplace.

This increase in short-term holders reflects increased interest in TON, as many new investors have entered the market in the recent month.

Trading activity indicates this growing interest. Over the last week, transactions of $100,000 or more reached roughly $32 billion, indicating an increase in high-value trades.

According to the trading hours, 56% of all TON transactions occurred during western trading hours (10 AM to 10 PM UTC), with the remaining 44% occurring during eastern hours (10 PM to 10 AM UTC). This distribution demonstrates Toncoin’s global reach with significant activity across multiple time zones and marketplaces.

Toncoin’s market position is exhibiting signs of improvement. More holders are now breaking even or making minor profits, but the vast majority continue to lose money. Nonetheless, the data shows an increasing trend, providing some hope for those who own TON.

Meanwhile, TON is currently trading at $5.31, up 4.47% over the last 24 hours and 7.04% for the last seven days.

Also, CNF earlier noted that Toncoin’s user base is expanding, with over 7 million active monthly users. Although this number is lower than Base 15 million users, Toncoin has eclipsed Arbitrum, whose user count has dropped from 9.8 million to 2.9 million.