Krutika Adani
Last week, whales have bought $346 million worth of TON which caused a new high in its price.
The whales caused a price spike in TON which also took its market cap cross $20 billion.
TON has been one of the top gainers in 2024 due to its highly scalable blockchain, crypto rewards and the $30 billion Telegram IPO.
Santiment’s MVRV indicator shows the possibility of a profit booking in TON remains high.
TON has reached a price of $7.35 after profit booking from $8.24. Experts predict TON to cross $10 in the near future.