Hold onto your hats, crypto enthusiasts, because Toncoin has been on a thrilling rollercoaster ride! Just when it seemed like it was cruising smoothly, the market threw a curveball, and now a quarter of Toncoin wallets are feeling the pinch.
After a stellar performance in November, Toncoin was basking in the bullish sunshine. But just as it was reaching for the stars, it hit some turbulence, and investors decided to play it safe. As a result, only 65% of Toncoin wallets are still in the profit zone—quite the tumble from last week's impressive 90% high!
According to the latest scoop, 25% of Toncoin wallets are now in the red, with 11% sitting on the fence at breakeven. This shake-up has left many holders scratching their heads as they navigate the market's twists and turns.
Digging into the numbers, it seems most Toncoin aficionados are relatively new to the scene. A whopping 85% have held their coins for under a year, and 12% are fresh faces from just the last month. Only a tiny 3% are long-term hodlers, showing that short-term traders are ruling the Toncoin roost.
Geographically speaking, Toncoin's action is buzzing mainly during Western trading hours, capturing 61% of transactions, while Eastern hours scoop up the remaining 39%. In just the past week, the network has seen a jaw-dropping $51.97 billion in high-value transactions over $100K.
But don't let the activity fool you—Toncoin's price has taken a hit, dropping 8.41% in the last 24 hours to land at $5.93. Its market cap stands at a hefty $15.12 billion, and trading volume has skyrocketed by 142% to a whopping $779.6 million, showing that interest is still bubbling despite the recent hiccups.
The bright side? Analysts are optimistic, hinting at a potential comeback for Toncoin. With solid fundamentals, an active development team, and a bustling network, it might just bounce back and reclaim its former glory. Keep your eyes peeled, because the Toncoin saga is far from over!
