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TON’s staking patterns echo March 2024’s rally – Higher highs coming?

2min Read

Locked tokens are not flexible, and they could be much better utilized during periods of higher volatility and gains.

Toncoin staking TVL ratio- what impact could these and other metrics have?
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  • The staking ratio has begun to dip while the price bounced to $6
  • If the dynamics from March repeat themselves, a strong price move higher can be expected

Toncoin [TON] has a strongly bullish outlook for this cycle. In fact, a recent AMBCrypto report outlined bullish targets for this run to be as high as $19.5. Observations of the staking ratio showed that a short-term price surge could be on the way.

Social sentiment has also been on the rise lately. At the same time, the growing number of non-zero TON balance addresses also underlined organic demand for the token.

Comparing the present-day and March

In a post on CryptoQuant Insights, analyst Joao Wedson highlighted the correlation between a rising market price trend and falling TON staking. He observed that in March 2024, the amount of TON locked in staking (staking TVL ratio, purple) dropped significantly while the price trended higher.

This can happen when investors sense a sentiment shift across the altcoin market and withdraw their funds to use them on exchanges for trading purposes. This token movement spurs further demand for the coin, boosting its price.

Locked tokens are not flexible, and they could be much better utilized during periods of higher volatility and gains, explaining the swift drop in the staking TVL ratio last summer.

The analyst also observed that TON appeared to shift away from a downtrend in price. In turn, this could see another drop in the staking TVL ratio, which could help sustain an uptrend in the coming weeks.

High network growth shows faith in Toncoin

Toncoin Santiment Metrics

Source: Santiment

AMBCrypto found that the daily active addresses and the network growth have trended higher over the past two weeks too. During this time, TON’s price bounced from $5 to $6.

A rising number of unique addresses involved in transactions daily, combined with the creation of new addresses on the network, buttressed the idea that there has been high demand for Toncoin.

Toncoin Supply Distribution

Source: Santiment

The supply distribution showed that larger holders have been actively selling in recent months. Cohorts of holders with 100 or more TON up to a million have steadily dwindled in numbers, showing selling pressure in the last three months.


Read Toncoin’s [TON] Price Prediction 2025-26


Meanwhile, smaller addresses with less than 10 Toncoin have continued to buy up more. The lack of whale accumulation seemed to be at odds with the idea of high TON demand.

Another drop in the staking TVL ratio would be a sign that sentiment has begun to shift bullishly. Over the next month or so, further price gains could see more tokens withdrawn from staking to explore opportunities in trading.

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Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.
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