Toncoin (TON) portfolio returns fall as market volatility increases

Coming off a strong November, Toncoin (TON) extended its bull run this week. But the rally has faced significant resistance as investors have returned to caution.

As a result, Toncoin has witnessed a sharp decline in portfolio profitability, with only 65% ​​of addresses making a profit, a sharp drop from the high of 90% recorded just a week ago.

The latest data from IntoTheBlock indicates that 25% of Toncoin wallets are currently in losses, while 11% remain in balance. This change highlights the recent turbulence in the market price of Toncoin, which affects the profitability of many holders.

Ownership trends revealed that the majority of Toncoin holders, 85%, have owned the coin for less than a year, with 12% acquiring it within the last month. Long-term holders, those who have held the asset for more than a year, account for only 3%, suggesting the dominance of short-term traders in the Toncoin ecosystem.

Meanwhile, trading activity also represented an interesting geographic pattern, with 61% of Toncoin transactions occurring during Western trading hours, leaving 39% during Eastern hours. Over the past week, the network saw more than $51.97 billion worth of high-value transactions that topped $100,000.

Despite this strong activity, the price of Toncoin has dropped by 8.41% in the last 24 hours, and is now trading at $5.93. The market capitalization of the cryptocurrency currently stands at $15.12 billion. Meanwhile, trading volume rose 142% to $779.6 million, pointing to sustained market interest despite challenges posed by recent fluctuations.

Additionally, CryptoQuant analysts suggest that the cryptocurrency could see a significant rise and even regain its previously established peak based on “solid fundamentals, including an active development team and an active network.”

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