TON (TON) Investors See Massive Losses, Data Reveals
- WBOYOriginal
- 2024-09-07 09:18:26794browse
IntoTheBlock data indicates that 9% of all TON investors are profitable at the moment while 86% of investors are in the red.
Toncoin (TON) investors are experiencing massive losses as the cryptocurrency market continues to be highly volatile. According to data from IntoTheBlock, at the current price of $4.63, only 9% of TON investors are profitable.
The remaining investors are facing losses, with 86% of them in the red and 5% at least covering their costs. These figures indicate the difficult conditions that Toncoin holders are still encountering.
The data shows that a majority of the investors, both long-term and new, are facing losses due to the unfavorable market conditions.
As the market continues to decline, holders of the token have lost hope of breaking even. However, the future still holds uncertainty, with only a small percentage of holders being profitable at the moment.
The report also highlights the behavior of coin investors by examining their holding periods. Similar to other major cryptocurrencies, 5% of TON wallets have been active for more than a year.
On the other hand, a large 62% of wallets have TON in their possession for not more than a year, and 33% of the wallets have held TON for not more than a month.
These data indicate that a significant number of crypto investors joined the market recently, perhaps during periods of high volatility or price increases. The high percentage of short-term holders could suggest that the majority of investors were caught off guard by the subsequent price drops, resulting in losses.
The report emphasizes the difficulties faced by holders operating in the current market conditions. The fluctuations in the crypto market, combined with the decreasing token value, have left many investors in a difficult position.
With a high percentage of holders currently at a loss, the future of crypto hinges on future market growth.
Toncoin’s problems reflect the broader challenges faced by many cryptocurrencies, as most digital assets have lost substantial value in recent months.
Until the market conditions improve, token holders may have to endure further hardships.
The above is the detailed content of TON (TON) Investors See Massive Losses, Data Reveals. For more information, please follow other related articles on the PHP Chinese website!