TON, the blockchain platform, is nearing a crucial milestone where short-term holders are just 10% away from entering profitable territory.
This potential flip could trigger a significant bullish rally as new traders are likely to join in, fueling further upward momentum.
$TON is just 10% away from flipping short-term holders into profit—a key psychological trigger. 📈
Once that happens, it could spark a rally as new traders jump in, creating a feedback loop of bullish momentum.
The setup for an upward breakout is building. 🚀 pic.twitter.com/UQYWKoQkCG
— Kyledoops (@kyledoops) January 10, 2025
Contents
Revenue Growth and Ranking in 2024
In 2024, TON Blockchain ranked 9th among all blockchains for revenue generation, accumulating $14.6 million. This achievement underscored its growing prominence and economic activity within the blockchain ecosystem.
🔥 NOW: TON Blockchain ranked 9th in 2024 for the highest revenue among blockchains, with $14.6 million.
Would it get the higher rank this 2025? 🤔 pic.twitter.com/yBjTyQ0nSE
— Crypto June 💎🎯 (@CryptoJune777) January 11, 2025
Prospects for 2025
Looking ahead to 2025, TON Blockchain aims to build upon its success and potentially climb higher in the revenue ranking. With continued development and adoption, it seeks to solidify its position among the top blockchain platforms globally.
Surge in $NOT Withdrawals for $PX Farming
Recent trends indicate a surge in withdrawals of $NOT tokens from exchanges, driven by users seeking to participate in the Earn launch pool for $PX tokens. This demand has depleted $NOT reserves on exchanges, prompting some platforms to suspend withdrawals temporarily.
Binance’s $NOT Reserves Depleted
A notable example is Binance, where the $NOT reserves in their TON wallet have dwindled to approximately $4,500. This situation highlights the intense farming activity and investor interest surrounding $PX tokens, contributing to market volatility and liquidity challenges for $NOT.
So it seems many people withdrew large amounts of $NOT from exchanges to farm $PX in the Earn launch pool to the point that exchanges ran out of $NOT and had to suspend withdrawals.
If you should check on-chain, Binance only has about $4500 worth of $NOT left in their TON… pic.twitter.com/EW46B0x99c
— DamX 👾 (@damxton) January 10, 2025
Conclusion
As TON Blockchain approaches a critical threshold for profitability among short-term holders and navigates challenges related to token liquidity and farming activities, the blockchain ecosystem continues to evolve dynamically. Investors and stakeholders will closely monitor these developments as TON Blockchain positions itself for potential growth and innovation in the year ahead.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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