TON Holders Face Losses as Market Volatility Hits Cryptocurrency Hard
Toncoin (TON) investors are experiencing massive losses due to the instability of the cryptocurrency market. IntoTheBlock data indicates that 9% of all TON investors are profitable at the moment while 86% of investors are in the red. The other 5% of holders are at least covering their costs, which speaks to the current challenging conditions for investors.
The data highlights the current challenges that Toncoin holders are still facing. This is at the current price of $4.63, the majority of the investors are in the negative as the market has been bearish for many of the cryptocurrencies. The figure shows that both the long-term and new investors are struggling as market conditions have negatively impacted their investments.
Holders of tokens have lost faith as the market continues to decline in the hope of a comeback for them to break even. Nevertheless, the future is still unclear with the fact that only a few percent of holders are profitable at the moment.
TON Investor Trends
Besides, the report reveals the behavior of the coin investors by analyzing their losses. Similar to other major cryptocurrencies, 5% of TON wallets have been active for more than a year. On the other hand, a major 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 not long ago, potentially during periods of heightened volatility or price increases. The high percentage of the short-term holders could mean that most of the investors were caught off guard by the subsequent price drops and this resulted in losses.
The report focuses on the problems holders encounter when operating in the current market situation. The fluctuations in the crypto market, coupled with the decrease in the value of token has placed many investors in a difficult spot. Due to a high percentage of holders currently in losses, the crypto future is contingent on future market growth.
Toncoins problems mirror the problems common to many cryptocurrencies, with most digital assets losing significant value in recent months. Until the market situation changes for the better, owners of token may have to wait for more difficulties.
The data paints a rather challenging picture of the situation for the majority of holders. The current market environment is still unfavorable due to waiting for the possible price improvement. Given that the majority of investors are in the red, the future market dynamics are going to be important for those aiming to recover their losses.
Read more: https://www.tronweekly.com/ton-holders-face-losses-as-market-volatility/
Text source: TronWeekly
