Toncoin: How High Can TON Surge In September 2024
Toncoin (TON) has more momentum than the community assumed as the asset rose amidst Telegram’s chaotic drama. Pavel Durov was recently put behind bars by French authorities. While Toncoin did take a hit during events, TON was seen recovering. The asset dropped by over 15% throughout the week, going from a high of $6.86 to a low of $5.09. At press time, TON was trading at $5.54, with a 3.84% surge over the last 24 hours. Also Read: Solana Eyes September Surge as Rate Cuts Can Propel SOL Toncoin’s Recovery and Future Predictions Source On-Chain Metrics and Investor Interest It wasn’t just the price that spiked; the asset’s on-chain metrics also saw a spike. CEO Durov’s arrest unintentionally sparked investors’ interest as it attracted a wave of new users. According to data from IntoTheBlock, the Toncoin network saw 43.08 million active funded addresses before Durov was arrested. The number has now increased by one million, reaching 44.02 million. This s...