Toncoin (TON) Wallet Profitability Dips as Market Volatility Increases

Toncoin (TON) wallet profitability has significantly declined due to recent market volatility. While the cryptocurrency saw a strong performance in November, its rally has faced resistance, resulting in a drop in wallet profitability from 90% to 65%. Currently, 25% of Toncoin wallets are at a loss, with 11% at breakeven. Short-term holders dominate the market, as 85% of Toncoin holders have held for less than a year. Despite this, trading activity remains high, with over $51.97 billion in transactions, and Toncoin’s price has recently dipped to $5.93. Analysts believe strong fundamentals could lead to a potential rally.