Whale Activity Expected for The Open Network (TON)

CryptoQuant shared its latest analysis of The Open Network (TON) in its recent report. The firm suggests that TON’s sharp decline in recent times could present opportunities for large investors (whales).

Decline in TVL: Investors Exiting Positions

According to the report, TON has experienced a significant drop in Total Value Locked (TVL) across decentralized exchanges (DEXs), centralized exchanges (CEXs), derivatives, and options markets. This indicates that investors have been liquidating their assets and generally reducing their exposure by avoiding market downturns. However, CryptoQuant suggests that this decline could be used as an opportunity for whales to accumulate assets.

Whales Tend to Move Based on Investor Sentiment

Looking at historical data, it’s evident that large investors tend to buy when market sentiment is at its lowest, during capitulation periods. During these times, whales often view negative market conditions as an opportunity to accumulate assets. CryptoQuant suggests that such actions may have the potential to trigger a future price rebound.

Staking TVL Ratio: A Sign of Investor Confidence

CryptoQuant notes that the ratio of Total Value Locked (TVL) allocated to staking has begun to rise again. Despite selling pressure in the markets, this indicates that a portion of investors still have long-term confidence in TON and prefer staking over selling their assets. This suggests that investor confidence remains strong and could potentially signal the beginning of a recovery phase.

Summary: A New Recovery May Be Underway

According to CryptoQuant’s report, the decline in TON and the subsequent rise in staking show that market investors have not lost their trust and that whales are looking for opportunities to make purchases. This could mean that price recoveries may occur in the coming days, with investors continuing to follow long-term strategies.

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