The TON network has experienced a surge in high-value transactions, with those exceeding $1M now dominating its on-chain volume.
High-value transactions have seen a significant increase on the TON network, with transactions worth more than one million dollars now accounting for the majority of the network’s on-chain volume.
TON Network Sees Surge
Since its bullish climb in 2024, there has been a discernible increase in the number of transactions using dollars, which represents the interest of whales on the network.
Additionally, the listing of Notcoin (NOT), a cryptocurrency related to Toncoin, acted as a catalyst that influenced both blockchain activity and market attitudes.
Despite the fact that the accumulation by major holder groups with assets ranging from 100,000 to one million did not reflect long-term confidence and the possibility of a future price recovery, this outcome was achieved.
Transaction Catalysts and Market Sentiment
The Notcoin network is notable for providing users with incentives in the form of airdrops, distributed across a variety of sites to encourage engagement and widespread circulation of the token.
Without a doubt, this contributed significantly to the community’s active user base expansion. The fact that the cryptocurrency is associated with Telegram, which is a leading social media network, has also contributed to the spectacular price increase that has occurred.
This has naturally attracted whales seeking to profit from the growing digital asset. Analysts attribute the bullish price run of NOT towards $1 to three key factors: the active community, the protocol’s development, and the cryptocurrency’s listings on exchanges.
A number of cryptocurrency exchanges, including Binance, OKX, Bybit, and KuCoin, have announced that they will now offer trading in Notcoin. During this time, the price of Notcoin achieved an all-time high of $0.012 and a market cap of $1.218 billion, resulting in a significant increase of forty percent.
The daily trading volume in NOT also increased by 18%, reaching more than $1.2 billion. The company’s market cap increased by more than $640 million over its weekly run, which resulted in a spectacular increase of 150%.
TON Price Rally and Market Impact
It is interesting to note that the ballooning of the community and the spike in the frequency of these high-value transactions have both increased in comparison, which has contributed to the upward trend in the price of Toncoin.
The current price of TON is $6.51, which is a gain of 1.30 percent over the course of the previous twenty-four hours, as reported by CoinMarketCap.
As a result of this development, TON network has solidified into a blockchain capable of managing large-value transfers, attracting an increasing number of large investors.
Analysts anticipate that these whales are positioning themselves and will likely generate enormous profits when the price of the coin experiences a significant increase in valuation.