Saad Ullah
Toncoin (TON) faces severe profitability crisis as it drops out of the top 20 cryptocurrencies list, with nearly all wallet addresses operating at a loss despite recent price bounce.
Toncoin (TON) Holders Face Mounting Losses as Market Position Weakens
Toncoin (TON) has recently rebounded by over 3.5% in the cryptocurrency market over the past 24 hours. Despite this modest recovery, the cryptocurrency's overall situation remains concerning, with approximately 96% of TON addresses currently operating at a loss. This marks a dramatic reversal from earlier this year when TON boasted a significantly higher percentage of profitable addresses. According to data from IntoTheBlock, the overwhelming majority of holders are now "out of money," signaling severe deterioration in the asset's performance.
TON Price Action Shows Modest Recovery Amid Substantial Outflows
The financial data reveals that TON holders experienced substantial losses, recording $36.77 million in net outflows over the past seven days. Large holders, who represent 96% of the total addresses, bore the brunt of these losses. TON has been on a downward trajectory over the last week, briefly breaking below the $2.40 support level to trade at $2.39 before rebounding to its current position approximately 48 hours ago.
Despite experiencing fluctuations, TON has managed to maintain some upward momentum recently. At the time of reporting, TON was trading at $2.66, representing a 4.77% increase over the past 24 hours, according to CoinMarketCap data. However, investor enthusiasm remains tepid, with trading volume down by 36.78% at $187.17 million, indicating a lack of buying pressure despite the price increase.
From Top 10 to 21st: Toncoin (TON) Falls From Previous Heights
In a remarkable contrast to its current struggles, TON achieved a significant milestone in May 2024 when it climbed into the world's top 10 digital assets by market capitalization. At that time, it reached a market cap exceeding $20 billion, securing ninth place and surpassing Cardano (ADA). Analysts attributed this impressive growth to widespread adoption within the crypto ecosystem, primarily leveraging Telegram's massive user base, which approaches one billion monthly active users.
What's Next for Toncoin (TON) After Failed Recovery Attempts?
Many market observers had anticipated a comeback for TON in mid-January as the asset entered what appeared to be a low-risk phase with bullish technical indicators. However, TON failed to maintain its $5.67 price level or reach higher targets. Currently, TON occupies the 21st position in cryptocurrency rankings, suggesting that much of the previous hype has dissipated among users and investors.
Toncoin's volatility since the beginning of 2025 has further undermined investor confidence in the asset. The extreme fluctuations have made it difficult for traders to establish reliable entry and exit points, contributing to the reluctance to re-enter positions despite occasional price rallies.
The current situation raises significant questions about TON's long-term viability and whether it can recapture the momentum that previously propelled it into the cryptocurrency top 10. While the recent price increase offers a glimmer of hope, the overwhelming percentage of addresses in loss territory suggests that substantial price appreciation would be needed before most investors return to profitability.
Community sentiment remains mixed, with some long-term holders maintaining their positions despite current losses, while others have contributed to the significant outflows observed in recent days. The coming weeks will be crucial in determining whether TON can reverse its fortunes or if the downward trend will continue to dominate its price action.
For investors considering entering or averaging down on TON positions, the current market dynamics suggest exercising caution given the asset's recent performance and the high percentage of addresses currently operating at a loss.
Saad Ullah
