Toncoin Whale Frenzy: The Plunge You Won’t Believe! 🐳

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  • Toncoin was mere inches from a majestic comeback, until gargantuan whales rampaged and toppled it like an unwary domino 🤪
  • The coin’s worth plummeted 32% in the blink of an eye, with no saintly rescue in sight 🔥

Not so long ago, Toncoin [TON] strutted about like a peacock claiming it had locked eyes on the $3.95 summit. Swept away by dizzying daydreams of conquering $4.8, it soared higher with every chortle of optimism. Yet in a plot twist fit for a clandestine stage play, the cosmic whales began their fiendish transactions with ferocity. And so, TON tumbled a painful 26.6% over eight course-changing days.

Now, one might ask: Did these cunning sellers consume extra spinach for their shenanigans or is it just the phase of the moon?

Worrisome signs for Toncoin bulls

The Spent Output Profit Ratio (SOPR) attempts to play detective, sniffing out whether TON is sold at a profit or loss, then comparing Toncoin’s existence value at creation versus its final curtain call. A descent under 1, in melodramatic fashion, signals that coins are being unloaded at a loss. Late in March, our bullish illusions lifted SOPR above that precarious threshold, only for reality to yank it back down rather rudely.

Meanwhile, the HODLer net position change metric points a playful finger at the shifting fortunes of long-term holders. February and March saw them accumulating with all the patience of a cat eyeing a fishbowl. However, the past ten days have been a comedic reversal, as if they threw all gallantry aside to join the distribution carnival, linking arm-in-arm with those rambunctious whales who fancy pushing TON off the edge.

This coordinated chaos aligns perfectly with TON’s sudden frailty, leaving bystanders shaking their heads in bemusement.

On 27 March, Toncoin performed a dramatic leap above $3.95 in a swashbuckling attempt at bullish glory—helped along by healthy capital inflows that quickly grew timid. The coin abruptly slid by 32% in a shocking display of comedy, with the $3.5 support zone as helpless as a sleepy guard dog. Meanwhile, CMF stumbled to -0.14, confirming that the selling frenzy might be unstoppable—or at least unstoppable enough to keep popcorn vendors in business 🥤🍿.

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2025-04-11 04:10