The Open Network (TON) has garnered 100 million unique holders, a major development in its journey to a decentralized world. At the start of the year, the network only had 4.3 million holders. TON has recently been under active development, especially with the launch of popular gaming tokens on the Telegram platform, such as Hamster Kombat. These tokens have assisted in bringing new users from the messaging platform to the use of cryptocurrency.
Explosive Growth and Market Dynamics
The rapid increase in TON holders signals growing interest in the cryptocurrency. TON acts as a bridge between social media and the crypto market, attracting a diverse range of users. The current number of holders showcases the network's potential for further expansion. This growth comes alongside Toncoin's market capitalization of $13.2 billion and a 24-hour trading volume of $190 million.
Despite this expansion, 74% of Toncoin holders are facing losses due to the recent price dip. The price of Toncoin has dropped to $5.20, showing a 1.27% decrease in the past day. This drop follows a bullish period that ended with the cryptocurrency’s slight downturn. Additionally, the concentration of wealth remains a concern, as 91% of the Toncoin supply is held by large holders.