Key Points:
The price of the TON, also called Toncoin, reached a record level of $8.13, and all addresses that have a balance in TON are in profit, as per the data by IntoTheBlock. This record-breaking price came amidst Bitcoin’s steady performance, just above $65,000, and Ethereum’s stable price around $3,380.
The gain in the value of TON by over 7% on Friday means an extraordinary jump for the altcoin compared to the top two cryptocurrencies by market capitalization, viz. Bitcoin and Ethereum. CoinMarketCap has confirmed the figures.
Regarding the ownership distribution of TON, as much as 39.9% of the token supply is with retail holders. Whales, or large-scale holders, own 30.5%, and other investors own 29.5%.
CoinCu earlier reported that the TON network’s total value was locked, crossing the $500M mark. The figure represents an almost 300% rise in the last 30 days from $22.9M in March ’24.
Readmore: TON Network TVL Exceeds $500M As Toncoin Gains 9%
As part of the same story, Notcoin, another TON blockchain token, showed a large price gain. On Friday, its price jumped over 15% to break above the $0.20 level.
Notcoin was originally airdropped to the users of a popular Telegram-based game and has been shaped into a wildly popular coin, at least with the praise of Telegram’s CEO, Pavel Durov, for this offering.
The rise of Notcoin coincides with the TON breakthrough that finally surpassed the previous ATH and peaked above $8.00 for the first time in the coin’s history.
Additionally, daily active wallets remained robust, with more than 547,000 shown by Tonstat. These numbers show an obvious uptrend, thus signalling increasing users and activities within the TON network.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Crypto debit cards allow users to seamlessly use their crypto assets for purchases, just like…
Antoine Martin, a member of the Swiss National Bank's Board of Directors, delivered an important…
According to the UK Financial Conduct Authority's website, it oversees the gamification design of UK…
Merlin Chain, the leading Bitcoin Layer-2 (BTC L2) ecosystem, is proud to announce the launch…
London, London, 20th June 2024, Chainwire
Singapore's government published a 126-page report detailing its vulnerability to money laundering in its goal…
This website uses cookies.