Toncoin is currently experiencing heightened selling pressure which is compounded by a significant 37.54% increase in exchange inflows. These inflows suggest that more Toncoin is being moved to exchanges, potentially for selling, thereby intensifying downward pressure on its price.
This comes at a time when the overall market sentiment is bearish, further complicating Toncoin's position. Despite these challenges, Toncoin did see a daily price increase of 1.83%, indicating some level of resilience or temporary market correction. However, this increase was not sufficient to overcome the predominant downward trend.
The situation requires close monitoring as ongoing selling pressure could lead to further depreciation in Toncoin's value unless market conditions improve or positive developments occur within the ecosystem.
