90% of Toncoin holders are currently underwater

According to data from IntoTheBlock, 90% of Toncoin holders are currently at a loss. In other words, if we look at all addresses holding Toncoin and track when these coins were acquired, we find that in 90% of cases, the tokens were received when Toncoin's market price was higher than it is today.

And that's despite Toncoin’s price increasing by 50% over the last two weeks!

Having 90% of holders at a loss is surprisingly high - I never would have guessed a top cryptocurrency could have such numbers.

But I love how optimistically IntoTheBlock frames this situation in their tweet: "Its steady upswing now has roughly 10% of holders back in profit."

Optimism matters. I genuinely wish all Toncoin holders plenty of optimism. And once you're back in the green, you're welcome at rabbit.io. There you can find a wide variety of cryptocurrencies and exchange your Toncoin for something perhaps a bit less dependent on optimism.