Apr 10 2024 6 mins 4
In recent news, if you are watching CoinMarketCap and following Cardano, you would have seen that Toncoin (TON) has flipped Cardano and pushed it into the number 10 spot. For some who are only just discovering TON, we look into how this crypto got a higher market cap than one of the biggest Layer-1 blockchains in the space. From analysis, whales hold most of TON, with the top 100 holders holding over 90% of the circulating supply of TON. This opens it up to market manipulation and wash trading.
Timestamps
(0:00) Intro
(0:38) What is TON
(1:52) TON token distribution among holders
(2:40) Tokenomics
(3:46) Wash trading & manipulation
(5:05) Vote for Cardano in the Blockchain Life poll
Cardano Whales Tweet
https://twitter.com/cardano_whale/status/1777475524513943817
Cardano VS TON tokenomics https://twitter.com/CryptoverseCNFT/status/1777488465807937687
Vote for Cardano in Blockchain Life poll
https://voting.blockchain-life.com/
Breakdown of top 100 TON Whale Addresses:
https://tonscan.org/whales
Explanation of some of the biggest TON addresses https://twitter.com/afsalesbot/status/1777974667396944132
Timestamps
(0:00) Intro
(0:38) What is TON
(1:52) TON token distribution among holders
(2:40) Tokenomics
(3:46) Wash trading & manipulation
(5:05) Vote for Cardano in the Blockchain Life poll
Cardano Whales Tweet
https://twitter.com/cardano_whale/status/1777475524513943817
Cardano VS TON tokenomics https://twitter.com/CryptoverseCNFT/status/1777488465807937687
Vote for Cardano in Blockchain Life poll
https://voting.blockchain-life.com/
Breakdown of top 100 TON Whale Addresses:
https://tonscan.org/whales
Explanation of some of the biggest TON addresses https://twitter.com/afsalesbot/status/1777974667396944132
