Toncoin (TON) is experiencing a challenging period with weak demand conditions. Major holders of TON are showing signs of reducing their investments which impacts the token's market position.
The absence of accumulation from both retail and institutional investors adds to the liquidity challenges the cryptocurrency is facing.
Market analysts suggest that if Toncoin can break and hold above the $5.35 price level, it could potentially signal a rebound, attracting more investor interest.
