Saad Ullah
Toncoin (TON) just hit a speed bump with a 3% drop, but here's the crazy part - there's a monster support level at $3.24 that could turn this whole thing around, and the numbers behind it are absolutely wild.
Holy Moly - 1.21 Million Wallets Are Holding TON at This Exact Price
Okay, so you know how sometimes crypto analysts throw around big numbers that don't really mean much? Well, this isn't one of those times. Ali Martinez just dropped some serious data on X that's got everyone talking about Toncoin, and honestly, the numbers are kind of insane.
Get this - 1.21 million wallets have scooped up exactly 740 million TON tokens at the $3.24 price level. That's not a typo. We're talking about nearly three-quarters of a billion tokens all clustered at one specific price point. When have you ever seen accumulation like that? It's like the entire TON community decided to make their stand right here.
What's really wild is that this isn't just some whale manipulation or anything like that. We're talking about over a million different wallets - that's real people, real money, real conviction in Toncoin's future. And you know what happens when that many people buy at the same price? They're not exactly eager to sell at a loss, are they?
This $3.24 level has basically become TON's line in the sand. All these holders are sitting there like "nope, not going below this." It's psychological warfare at its finest, and right now, the bulls are winning.
TON Price is Playing It Cool Despite the Market Drama
So where's Toncoin sitting right now? Well, it's trading at $3.39, which is down 2.02% - not exactly what you want to see first thing in the morning, but here's the thing. TON is still chilling 15 cents above that massive support zone we just talked about. In crypto land, that's actually pretty comfortable breathing room.
The volume story is interesting too. We've got $785.66 million in trading volume over the last 24 hours, and it's only down 0.64%. Think about that for a second - price drops, but volume stays steady? That usually means the selling pressure isn't that intense. If TON was really in trouble, you'd either see panic selling with crazy high volume, or complete abandonment with volume falling off a cliff.
Here's where it gets really juicy though. According to Martinez's breakdown, 889.87 million TON tokens worth $2.93 billion are currently "In The Money" - that's 90.26% of all holders sitting pretty with profits. Only 95.46 million TON (worth $314.32 million) are underwater right now.
When 9 out of 10 people holding a crypto are making money, that's usually a pretty good sign that the price isn't going to tank anytime soon. Happy holders don't usually dump their bags, you know?
TON Just Flexed on Shiba Inu and Now It's Eyeing Stellar
Here's where things get spicy for Toncoin's future. TON recently pulled off something pretty impressive - it completely flipped Shiba Inu (SHIB) after going on a 15% rampage. And what triggered that rally? Rumors about Telegram potentially partnering with Grok. Whether that actually happens or not, the mere possibility got people excited enough to push TON up the rankings.
Right now, Toncoin is sitting pretty at 16th place in the crypto market cap rankings. But here's the kicker - it's got its sights set on Stellar for that 15th spot. And honestly? With the way TON has been moving lately, that doesn't seem too far-fetched.
Market cap rankings might seem like just bragging rights, but they're actually huge for crypto projects. Higher rankings mean more visibility, more exchange listings, more institutional attention, and definitely more retail FOMO. It's like a snowball effect - the higher you climb, the easier it gets to keep climbing.
If TON bulls can really get their act together and start pumping up that volume, we could see a serious challenge for that 15th position. And once you're in the top 15? Well, that's when things start getting really interesting.
Bottom Line: TON Looks Pretty Solid Right Now
Look, nobody has a crystal ball in crypto, but the data is telling a pretty compelling story for Toncoin right now. You've got 740 million tokens creating this massive support wall at $3.24, over 90% of holders making money (which means less selling pressure), and potential catalysts still floating around with all this Telegram-Grok partnership talk.
The key thing everyone's watching is whether TON can stay above that $3.24 level. As long as it does, and especially if we start seeing volume pick up again, there's a real chance we could see TON bounce back strong and maybe even test some new highs.
But here's the real kicker - those 1.21 million wallets holding at $3.24 aren't just numbers on a screen. They represent real people who put real money on the line because they believe in what Toncoin is building. That kind of conviction doesn't just disappear overnight.
So while the market might be throwing some curveballs right now, TON seems to have found its footing. And with that kind of support underneath it, $3.24 is looking more like a launching pad than a ceiling. The question isn't really whether TON can hold this level - it's what happens when all that pent-up buying power decides to make its next move.
Saad Ullah
