Reserve Dollar

Reserve

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-activities-increase-in-the-open-network-ton/" data-wpel-link="internal">Whale Activities Increase in The Open Network (TON)</a><br></p>
<p style="text-align: justify"><strong>Whale activities</strong> in the <a href="https://en.coin-turk.com/what-will-crypto-investors-see-next-week/" data-wpel-link="internal">cryptocurrency</a> world, which can be described as large transaction volumes, attract the attention of the entire ecosystem. Recently, there has been a significant increase in these activities in a project called The Open Network, or TON. Let’s look at the details of this increase and what might be behind it.</p> 
<h2 style="text-align: justify" id="increase-in-transactions-exceeding-100-000-in-ton">Increase in Transactions Exceeding $100,000 in TON</h2> 
<p style="text-align: justify">The increase in large transactions in TON was 983%. The metric showing transaction volumes exceeding $100,000 generally reflects significant movements of institutional investors and large holders, often referred to as “whales.” According to IntoTheBlock’s <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, the large transaction volume for <strong>TON</strong> reached $4.1 million. This figure corresponds to 559,590 TON in cryptocurrency terms.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-370160 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/toncoin.webp" alt="" width="1604" height="452"></p> 
<p style="text-align: justify">This increase occurred in an environment of market uncertainty, where the cryptocurrency sector experienced volatile price movements. In the past 24 hours, TON itself showed a modest increase of 1.86%, raising its price to $7.29. Investors continue to digest the latest inflation data, particularly the Producer Price Index (PPI), which tracks wholesale prices and provides insights into upcoming inflation trends, while the broader market remains volatile.</p> 
<h2 style="text-align: justify" id="recent-inflation-figures">Recent Inflation Figures</h2> 
<p style="text-align: justify">Recent inflation measurements have introduced an element of unpredictability to the market. The Consumer Price Index (CPI) for June unexpectedly fell by 0.1% from the previous month, reducing the annual rate to 3%, the lowest level in the past three years. This decline has become a significant focus for investors trying to predict the Federal Reserve’s next move regarding <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a>. The CPI data showed a slight increase of 0.1% monthly and 3.3% annually in core CPI, which excludes food and energy prices. Both figures were slightly lower than expected.</p> 
<p style="text-align: justify">This inflation data has also fueled speculation about potential <strong>Federal Reserve</strong> interest rate adjustments. Dow Jones economists predicted a small increase of 0.1% in the inflation measure for May and an annual increase of 3.1%. Investors particularly want to see inflation approaching the Federal Reserve’s 2% target, as this indicates potential easing in monetary policy. The latest CPI figures have strengthened expectations that the Fed might soften its stance as early as September.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whale-activities-increase-in-the-open-network-ton/" data-wpel-link="internal">Whale Activities Increase in The Open Network (TON)</a></h5>

Whale Activities Increase in The Open Network (TON)

Table of Contents

COINTURK NEWS

Other articles published on Jul 12, 2024

Top 3 Crypto Presales to Invest In Now – Upcoming Token Sales

FinTAX: TON Ecosystem's First Professional Tax Software Launched

MoonBag Takes the Lead as July 2024’s Best Presale, While Cosmos and The Sandbox Lag!

Decimal blockchain migration news

Whales Boost The Open Network Transactions

Dutch Court Denies Release of Tornado Cash Developer Amidst Legal Battle

Join our free newsletter for daily crypto updates!