Mysterious Wallet Accumulates 863M TON Amid Market Volatility

A mysterious wallet has accumulated 863 million TON, indicating a strategic accumulation strategy. This wallet has been steadily accumulating Toncoin across key price levels, showing no signs of slowing down despite market volatility. The cost basis distribution of TON reveals four major clusters, with the most significant accumulation occurring between $2.91 and $2.98. This accumulation zone far surpasses others, such as the $2.01–$2.05 range and the $3.83–$3.87 range, and closely mirrors long-term price trends. The wallet responsible for this accumulation remains unfazed by local peaks or market dips, suggesting a deliberate, long-term strategy. Price heatmaps frequently show TON hovering around these high-density zones, indicating that this wallet’s cost basis might now influence broader price action. The pattern seems too precise to be random, suggesting a well-capitalized, calculated player quietly shaping TON’s market structure.

The average holding time for TON is 2.3 years, indicating that most investors are in it for the long haul. Additionally, there has been a recent spike in the age of coins being moved, with the average holding time on transacted tokens jumping by 283% in the last week and by 575% over the past month. This means that long-dormant coins are finally starting to move, even as the price chops around. Netflow data over the past month reveals a consistent pattern of outflows, with nearly 556.6K Toncoin withdrawn from exchanges. The 7-day net change remains positive at 918.22 TON, and the latest 24-hour data shows 239.87K TON in net withdrawals, indicating a drop in sell-side pressure. This aligns with broader accumulation trends, suggesting that strategic players are moving tokens into cold storage. With the liquid supply shrinking, the stage may be set for the next major price shift.