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Toncoin (TON) Surges 80% in Whale Activity as Market Faces Selling at Year’s End
As the cryptocurrency market faces a selling atmosphere heading into the end of the year, Toncoin (TON) has seen an impressive surge of 80% in whale activity. This significant increase in large transactions could be a sign that institutional investors are taking notice of the token’s potential.
According to data released last week, weekly initial jobless claims for the week ending Dec. 21 declined little and fell short of predictions, while continuing claims for the week ending Dec. 14 rose to their highest level since November 2021. This lackluster economic data could be contributing to the selling pressure in the cryptocurrency market.
Despite this bearish trend, Toncoin (TON) has seen an uptick in whale activity, with a massive 80% surge in large transactions. Whale transactions refer to transactions worth $100,000 or more.
Source: u.today
