The data on the series shows that Toncoin (TON) has increased their activity level because the volume of transactions has determined a new height.
Through the size of large transactions, Toncoin $ 34 billion
According to data from the market intelligence platform INTOTHEBLOCKThe size of the large transactions on the Toncoin network continued to develop new levels recently.
“The size of large transactions” here refers to an indicator that tracks the total amount of size that is transferred on the TON using transportation operations of more than $ 100,000.
In general, whale entities are able to convert such large quantities with one transactions, so it is assumed that this folder represents the activity of the adult merchants.
When the value of this scale is high, this means that the whales are involved in a high amount of treatment activity. Such a trend means that these fragile pregnant women have active attention in the encrypted currency.
On the other hand, the low indicator indicates that the regiment may not pay great attention to the original, because its members do not make a lot of transactions.
Now, here is the chart that the analysis company shares, which shows the trend in the size of large transactions Toncoin during the past few years:
Looks like the value of the metric has been on the rise in recent days | Source: IntoTheBlock on X
As shown in the above chart, the size of large transactions Toncoin climbed for a while now and explore new levels at all (ATHS). Only last week, the scale rose to a new record of 9.03 billion tons (at a value of about 34.28 billion dollars).
The acute growth of the index began last year, before the high price appeared. Interestingly, although the price may move quickly downward, the scale has maintained its upward path. “This trend indicates that the whales are still actively working with the protocol, even in the face of recent price fluctuations,” Intothheblock notes.
As for what this activity can mean the high whale in relation to the original, the answer is volatility. Pisces are huge in size, so it carries the ability to move the market. As such, when a large amount of these moves appear, the price can be a potential for volatility in some directions.
It is usually difficult to determine anything from the place where the emerging fluctuations will take exactly the encrypted currency, as the size of large transactions does not contain any hints about whether the purchase or sale is dominant.
Given that the latest explosion of the activity took place after its crash in the price, though, the transportation processes can be linked to a decrease in the purchase behavior. However, it remains only to see what is the impact of the high size of the high transactions on the price of Toncoin, if any.
Price ton
While the rest of the cryptocurrency sector was in the free fall during the past week, Toncoin rose against the grains, as it enjoyed an increase of more than 9 %, which rose to $ 4.07.
The price of the coin seems to have shot up over the past day | Source: TONUSDT on TradingView
Distinctive image from Dall-I, IntothBlock.com, Chart from TradingView.com
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