Toncoin Sees 1.32 Billion Tokens Accumulated in $2.01-$2.05 Zone

Toncoin, a prominent cryptocurrency, has recently shown significant investor activity in specific price zones, particularly between $2.01 and $2.05. This zone now holds 1.32 billion TON tokens, indicating a substantial cost basis support. This accumulation is notable as it surpasses other zones such as the $3.83–$3.87 range, which holds 261 million TON tokens. The concentration of tokens in these zones suggests strategic positioning by investors, who are likely holding onto their assets in anticipation of future price movements.

The $2.01–$2.05 zone's accumulation of 1.32 billion TON tokens is particularly significant as it represents a large portion of the total supply. This concentration of tokens in a narrow price range indicates that many investors have acquired TON at these levels, creating a strong support base. The presence of such a large number of tokens in this zone suggests that investors are confident in the long-term prospects of Toncoin and are willing to hold their positions despite short-term price fluctuations.

The accumulation in the $2.01–$2.05 zone is not an isolated event but part of a broader trend of strategic investor behavior. The data reveals that the supply of Toncoin is concentrated in four particular cost basis categories, with the $2.01–$2.05 range being the most significant. This concentration of tokens in specific price zones indicates that investors are actively managing their positions to maximize potential returns. The strategic accumulation in these zones suggests that investors are closely monitoring the market and making informed decisions based on their analysis of price trends and market conditions.

Additionally, over 863 million TON was acquired between $2.91 and $2.98, signaling disciplined accumulation by a long-term holder or coordinated entity. This further underscores the strategic positioning of investors in Toncoin. The current market tone for Toncoin is neutral-to-bearish, with the asset consolidating after a steep retracement from mid-2024 highs. Toncoin surged above $7 in early 2024 but later corrected, now trading at $2.84. The price has returned to its historical accumulation zones from 2023 and the beginning of 2024 as a result of the correction.

Toncoin primarily traded below $2 between August and December 2023, with major accumulation occurring between $1.30 and $1.90. These zones represent the foundation of long-term holder conviction. As the price climbed, cost basis density thinned above $3, indicating that fewer investors bought during the later stages of the uptrend. The most intense supply zones remain between $1.90 and $2.30, marked in bright orange and red on the heatmap. These are structural support levels, with many wallets still in profit. Meanwhile, the price bands above $5.50 show low wallet concentration, implying thinner liquidity and greater volatility if the price returns to those levels.

Toncoin’s live market cap is $7.01 billion, with a 2.46 billion circulating supply and a total supply of 5.13 billion. The fully diluted valuation is $14.59 billion, reflecting potential future issuance. Toncoin’s price structure shows consolidation between $2.4 and $4. Due to its consistency with previous accumulation layers, this range is an important support/resistance zone. TON is still up 584.7% from its lowest point despite recent declines, suggesting that long-term investor confidence is still high.