Key Takeaways:
- One player has quietly accumulated 863M TON between $2.91–$2.98, potentially influencing price structure.
- Rising coin age and long-term holding trends suggest growing investor confidence.
- Consistent exchange outflows point to a looming supply crunch and possible upward price pressure.
While crypto markets remain noisy with speculation and volatility, a single Toncoin (TON) wallet has made a different kind of statement — quiet, consistent, and deeply strategic.
This wallet has amassed a staggering 863 million TON between $2.91 and $2.98, showcasing a clear cost basis and a potential influence on Toncoin’s price structure going forward.
Cost Basis Distribution for $TON reveals four key supply clusters:
— glassnode (@glassnode) June 25, 2025
• $2.01–2.05 (1.32B TON)
• $2.18–2.22 (535M TON)
• $2.91–2.98 (863M TON)
• $3.83–3.87 (261M TON)
These levels represent zones of investor cost concentration – potential support/resistance. pic.twitter.com/bYtfLOsMgF
A Strategic Toncoin Accumulation Zone Emerges
Blockchain data from Glassnode highlights that Toncoin’s cost basis distribution is marked by four key clusters, but one stands out above all: 863 million TON acquired in the narrow range of $2.91 to $2.98.
This zone not only dominates in volume but also reflects a pattern of deliberate positioning — potentially by an institutional or highly capitalized participant. Other accumulation ranges, like $2.01–$2.05 (1.32B TON) and $3.83–$3.87 (261M TON), pale in strategic density.
The wallet responsible has remained unshaken through both local peaks and dips, further reinforcing the theory of a long-horizon strategy rather than opportunistic trading.
Coin Age Data Signals Growing Confidence
Additional data from IntoTheBlock shows Toncoin’s average holding time sits at 2.3 years — a bullish indicator for long-term conviction among holders.
Interestingly, the average age of transacted TON has surged by 283% in the past week and 575% over the last month, signaling that older coins, likely held by early adopters, are finally moving — potentially into safer, offline storage.
This sudden shift in coin age metrics could reflect increasing confidence that Toncoin’s next significant price move is on the horizon.
Exchange Outflows Suggest Shrinking Sell Pressure
Further supporting the accumulation narrative is Toncoin’s ongoing exchange net outflow trend. In the past month, over 556,600 TON have left exchanges. In the last 24 hours alone, a net 239,870 TON were withdrawn, reducing the amount available for immediate sale.
Also Read: Mutuum Finance (MUTM) Raises $10.8M, Outshines Toncoin (TON) Hype
The 7-day net change remains positive at +918 TON, suggesting continued movement from hot wallets to cold storage — typically a bullish behavior indicating reduced intent to sell.
The emergence of a dominant wallet accumulating over 863 million TON in a tight range, combined with shrinking exchange supply and longer holding times, paints a picture of strategic accumulation.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
