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Toncoin (TON) Skyrockets 104% in Whale Moves Amid Market Shorts Liquidation
A sudden surge of whale moves and a massive liquidation event for short sellers has propelled Toncoin’s price by an astonishing 104%, leaving many traders stunned.
As the market witnessed the impulsive rise, it appears that these significant liquidations have inadvertently created a snowball effect, propelling the price even further. This unforeseen turn of events has left many short-sellers reeling as they struggle to cover their positions at increasingly higher prices.
In related news, the highly anticipated Consumer Price Index (CPI) report scheduled for Wednesday could potentially inject yet another burst of volatility into the market, providing valuable insights for traders regarding the Federal Reserve’s policy trajectory in the coming year.
Source: u.today
