Toncoin Whales Went on a Buying Spree Last Week

Krutika Adani

$346 Million Worth of Buying

Last week, whales have bought $346 million worth of TON which caused a new high in its price.

TON Mcap Reaches $20 Billion

The whales caused a price spike in TON which also took its market cap cross $20 billion.

Why Is TON So Bullish

TON has been one of the top gainers in 2024 due to its highly scalable blockchain, crypto rewards and the $30 billion Telegram IPO.

Profit Booking Expected Soon

Santiment’s MVRV indicator shows the possibility of a profit booking in TON remains high.

Levels To Watch

TON has reached a price of $7.35 after profit booking from $8.24. Experts predict TON to  cross $10 in the near future.