Whale watch: $1B in Toncoin trades shake the market, tracking what’s next

has witnessed a spike in whale activity on its network in the past few weeks, CryptoQuant analyst Joao Wedson found in a new

Despite the surge in whale activity on its network, TON is poised to breach the lower line of its ascending channel, which formed a key support level since the beginning of the month. TON’s recent fall below its 20-day Exponential Moving Average increases the likelihood of its price decline.

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