Toncoin, whales start sweeping up...Why are they secretly accumulating now?

▲ Toncoin (TON)

A trend has been observed where Toncoin (TON) is preparing for a rebound, with large investors continuing to accumulate even amidst a bear market.

According to crypto media outlet NewsBTC on April 10 (local time), data from on-chain analytics firm Santiment shows that the top 100 whale addresses holding Toncoin have rapidly increased their holdings in recent weeks. This trend of choosing to buy instead of sell, even as the price is confined within a range, contrasts with the overall market weakness.

The top 100 wallets have accumulated an additional 189,730 TON over the past three months, valued at approximately $244,900. This has led to an increase of about 2.5% in the whales' total holdings. The fact that investors who reduced their holdings during the Q4 2025 downturn have now shifted back to buying is interpreted as a sign of renewed confidence in its long-term value.

Toncoin experienced a sharp decline, with its market capitalization decreasing by two-thirds since its peak in August 2025. However, Santiment commented, “The continued accumulation by large investors even during a bearish phase is a signal suggesting a strong rebound potential after the end of the downtrend cycle.” The movement of whale funds is acting as a criterion for identifying market turning points.

Currently, Toncoin is trading around $1.29, having risen by approximately 2.8% over the past week. Amid increased volatility in major assets, including Bitcoin (BTC), the relative bullish trend and whale accumulation are analyzed as contributing to price stability.

As market uncertainty persists, whale accumulation is identified as a key variable supporting Toncoin's potential for a rebound. Changes in the holdings of top addresses are expected to serve as a major indicator for determining whether market leadership will be regained in the future.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*