Toncoin (TON), crypto whale numbers surge
Despite facing a 17% decline in the past month, Toncoin (TON) has caught the attention of crypto whales. Based on on-chain data, whales view this dip as a buying opportunity. The Market Cap to Realized Value (MVRV) ratio for TON indicates that the altcoin is currently undervalued, signaling a potential buying opportunity.
Furthermore, the number of TON whales holding between 100,000 and 10,000,000 tokens has increased by 2% over the past month, reaching an all-time high. This surge in whale interest could spark wider demand for TON among individual investors.
Major shareholders increase holdings of Tron (TRX)
Large Tron (TRX) holders have seen a significant increase in net inflows, rising by 243% in the past 30 days. These large holders, who control more than 0.1% of the asset’s circulating supply, are accumulating TRX tokens, signaling a bullish sentiment in the market.
Despite TRX trading sideways over the past month, accumulation by TRX whales continues to rise. This accumulation trend, coupled with technical analysis suggesting a potential breakout, could lead to a price increase for TRX, with a target of $0.13.
Binance Coin (BNB) and new bullish divergence
While Binance Coin (BNB) has been experiencing a lack of strong price trends, the coin’s Kaikin Fund Flow (CMF) has been on the rise. The upward trend in CMF signifies an increase in money flowing into the BNB market, indicating a possible bullish divergence.
If BNB manages to break out of its current trading range, the price could see a significant rise, potentially reaching $617. This emerging bullish divergence, combined with strong fundamental strength in BNB, suggests a positive outlook for the coin in the near future.
