Toncoin (TON), the token associated with Telegram, has achieved a remarkable milestone. According to IntoTheBlock data, every address holding Toncoin is currently in profit, with the token’s price hovering near $8.00.
Unprecedented Profitability for TON Holders
The data reveals that 100% of the addresses with a Toncoin balance are “In the Money.” This impressive statistic comes as Toncoin’s price surged to an all-time high of $8.13, marking a significant 7% increase on a recent Friday. The comparison of the average acquisition price for the 21.49k TON addresses with the current price indicates that all holders are experiencing profits.
This profitability is a stark contrast to the situation a year ago when over 90% of Toncoin addresses were in loss, with the token price around $1.40. The dramatic shift highlights Toncoin’s tremendous growth over the past year. The number of addresses holding Toncoin has also seen significant growth, rising from approximately 5,800 in mid-June 2023 to over 20,870 by June 10.
Increase in Retail Holders
Interestingly, addresses holding less than 10 TON tokens more than doubled in the last three months, increasing from around 4,900 in March to over 10,000 by June 10. This surge in address count underscores the growing interest and participation in the Toncoin ecosystem.
In terms of ownership distribution, retail holders now account for about 39.9% of the total supply, while whales hold 30.5%, and investors possess 29.5%. This diverse distribution suggests a balanced interest across different types of investors.
Several positive catalysts have contributed to Toncoin’s remarkable upward momentum. Telegram’s integration of TON into its ad share program for channel owners has significantly boosted its visibility and utility. Additionally, campaigns like the Open League and the parabolic gains seen in Notcoin (NOT) have further fueled interest and investment in Toncoin.