Toncoin (TON) has seen significant growth, with all addresses holding the Telegram-related token currently in profit. According to data from IntoTheBlock, 100% of addresses with a TON balance are profitable, with the price hovering near $8.00. This surge aligns with Bitcoin’s stability above $67,000 and Ethereum’s price around $3,500, showcasing Toncoin’s impressive performance compared to the top two cryptocurrencies by market cap.

100% TON Addresses in Profit as Price Hits an All-Time High

On Friday, Toncoin’s price increased by more than 7%, reaching an all-time high of $8.13. This price gain means that all 21.49k TON addresses are “In the Money” when comparing the average acquisition price to the current price. This is a significant improvement from a year ago when over 90% of Toncoin addresses were at a loss, with the price around $1.40. The profitability metric has surged as Toncoin experienced substantial growth over the past year.

According to IntoTheBlock data, the number of addresses with balances grew from approximately 5,800 in mid-June 2023 to over 20,870 by June 10. Additionally, addresses holding less than 10 TON tokens more than doubled in the past three months, rising from about 4,900 in March to over 10,000 by June 10.

Ownership Distribution and Network Growth

Retail holders currently account for about 39.9% of the TON supply, while whales hold 30.5% and investors 29.5%. The increase in the number of addresses is attributed to various positive network catalysts for The Open Network (TON) blockchain and its native token, Toncoin.

Aside from Telegram’s support for TON in its ad share program for channel owners, campaigns such as the Open League and the parabolic gains for Notcoin (NOT) have contributed to the cryptocurrency’s upward momentum.

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