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As the year draws to a close, ton coin (ton) It saw an increase in whale activity, with an 80% increase in the volume of large transactions.
according to IntoTheBlockToncoin's large transaction volume reached $8.75 billion over the past 24 hours, representing an increase of 80.63%. This rise comes amid lackluster trading activity in the market as 2024 approaches its end.
The 80% increase in whale transactions indicates that these large players are either collecting more coins or moving large amounts of them. In this regard, net flows to large holders have increased by 300% over the past seven days.
the Open grid (tons) 2024 was a big year, mainly due to the enthusiasm surrounding Telegram mini-apps like Hamster Kombat, which helped the blockchain attract a massive flood of new users. By mid-year, the number of daily active users of TON had exceeded five million.
TON remains one of the fastest growing blockchains among all Layer 1 (L1) networks. In 2024, TON has surpassed Polygon in terms of token holders (addresses with a positive balance) and is currently closing in on TRON and BNB.
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According to Dune Analytics, TON now has 111 million wallets, up from 38.7 million in August. The most dramatic increase occurred between August and September 2024, when the number of wallets jumped to 84 million, with a record 2.5 million new wallets created on September 27 alone.
The total value of TON locked increased by 2,182% year-on-year, reaching $267 million at the end of 2024.
Crypto markets on the edge
The cryptocurrency market fell slightly on Monday as the final trading days of the year began. Cryptocurrencies are seeing mixed movement in Monday's session, as investors look at the outlook for the US economy and the future path of monetary policy from the Federal Reserve in 2025.
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the Federal Reserve Bank The bank indicated that smaller interest rate cuts were on the horizon when it met earlier this month. Policymakers are expected to make their first decision for 2025 in late January.
Data released last week showed that weekly initial jobless claims for the week ending December 21 fell slightly and fell short of expectations, but continuing claims for the week ending December 14 rose to their highest level since November 2021.
At the time of writing, Toncoin (TON) is down 2.08% over the past 24 hours to $5.71, reflecting lackluster market sentiment.
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