Over 90% of Toncoin Holders Currently in the Red

The figures reflect growing pressure on investors as the token trades around $3.14, down 0.27% in the last 24 hours.

Despite the price struggles, large transaction volume remains high, exceeding $27 billion in the past seven days, while 91% of TON is concentrated in large wallets, suggesting whales still dominate the supply.

Weak Sentiment, Poor Correlation, and Negative Flows

TON’s correlation with Bitcoin sits at just 0.12, indicating the asset is moving largely independent of broader market trends. Meanwhile, netflows show – $1.85 million over the past week—evidence of steady capital outflows.

Community engagement appears to be cooling as well, with a 0.34% drop in Telegram members over the same period.

Outlook Hinges on Support and Liquidity Moves

Most holders have entered the market within the past year (82% between 1–12 months), and only 15% have held TON for over a year, showing a relatively young holder base.

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With current prices pressing long-term pain points, any relief rally may depend on renewed demand or reduced sell pressure.

If the outflows continue and sentiment doesn’t improve, Toncoin risks deeper losses as holders begin to capitulate.

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