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23 October, 2024

Toncoin (TON) Active Addresses Plunge: Is the Hype Fading?

23 October, 2024

The number of active Toncoin (TON) addresses has fallen to a six-month low, raising concerns about the future of the token. This decline coincides with disappointing Telegram airdrops, suggesting that the initial hype surrounding TON may be waning.

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While the airdrops initially sparked interest in TON, the lack of significant value distribution has led to a drop in user engagement. The decline in active addresses is a clear indication of this waning interest, suggesting that the price of TON could potentially drop further.

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Analysts are now closely watching the price of TON, with some predicting a decline to $4.46 if no major events occur to revive demand. The future of TON remains uncertain, and it will be interesting to see how the project navigates these challenges in the coming months.