Toncoin (TON) has seen all its holding addresses turn profitable as the token’s price nears $8.00. This milestone occurred as Bitcoin hovered above $67,000 and Ethereum around $3,500, marking a significant rise for TON.
On Friday, Toncoin reached an all-time high of $8.13, with its 21,490 addresses now “In the Money.” This is a dramatic improvement from a year ago when over 90% of addresses were in loss with TON priced near $1.40. The number of addresses holding TON has surged from 5,800 in mid-June 2023 to over 20,870 by June 10.
Retail holders now account for 39.9% of the supply, while whales and investors hold 30.5% and 29.5%, respectively. The growth is attributed to positive catalysts such as Telegram’s support and campaigns like the Open League.
Toncoin’s rise underscores its strategic importance in the crypto ecosystem, showcasing its potential for sustained growth and community engagement.
