Why Are Whales Preferring Toncoin Despite Risks

Krutika Adani

Whales Flock to Toncoin

Recently, Joao Wedson observed that Toncoin has attracted a significant number of whales.

An Uptick in Whale Addresses

Wedson discovered an increase in addresses holding more than 100k but less than 1 million TON.

Despite an Increased Risk Profile

Due to a recent 20% rally, there are significant risks that TON may shed some of its gains.

What Causes the Risk

Toncoin’s parabolic SAR indicator has been above its price, confirming a downside risk.

When Should You Buy

The right time to buy is when the RSI rises above 70 and the SAR drops below the current price.