Toncoin: One Investor Holds 863M TON -A Masterclass in Long-Term Accumulation

Key Highlights

• A single investor owns 863 million Toncoin tokens

• Here are key levels to watch as prices struggle

A single Toncoin Investor Owns 863 Million Tokens 

Toncoin ($TON) has continued to trade sideways for the past 2 weeks. Even when the broader market made a massive recovery after the War in the Middle East concluded, Ton has not responded strongly. 

Cost Basis Distribution Heatmap for TON highlights fluctuating cost price levels across various time periods, with colors representing different supply concentrations.

The poor performance is solely tied to the Ton's supply dynamics, especially among large holders. One particularly interesting case involves a single investor who holds approximately 863 million TON tokens as per Glassnode. 

What's remarkable is that their cost basis aligns almost perfectly with TON's price movements over the years. This kind of consistent buying through market cycles suggests a strategic, long-term investment approach. 

Also Read: Bitcoin selling pressure cools down

Unlike traders who panic-sell during crashes or chase rallies at the top, this investor seems to be deploying capital in a disciplined, measured way. Their holdings have remained untouched, even during moments of extreme market volatility.

Key Levels to Watch for Ton 

When we look at the overall cost basis distribution for TON, four major price clusters emerge. These clusters indicate where large amounts of TON were bought and held, potentially acting as support or resistance zones for future price movement. 

TON Cost Basis Distribution Heatmap: This graph illustrates the distribution of cost basis over time, with varying supply levels indicated by color gradients from August 2023 to June 2025.

The first and largest cluster lies between $2.01 and $2.05, where about 1.32 billion TON is concentrated. This suggests strong investor confidence and a possible support zone at these levels.

The second cluster is between $2.18 and $2.22, containing around 535 million TON. While smaller than the first, it's still a significant concentration and could serve as a mid-range support or resistance.

 The third key area is $2.91 to $2.98, which includes the 863 million TON linked to the long-term holder mentioned earlier. This area appears to be a critical zone where disciplined accumulation took place, further strengthening its importance in price behavior.

Lastly, there's a smaller but still noteworthy cluster between $3.83 and $3.87, with around 261 million TON. This higher range could act as resistance if the price moves upward, or a support zone if TON establishes a new floor above it.

Together, these cost basis clusters tell a story of a maturing market. Instead of wild speculation, we’re seeing signs of strategic positioning and longer-term thinking among major players. 

For regular investors, understanding these levels provides a helpful roadmap for gauging potential support and resistance zones. As TON continues to grow, these areas will play an important role in how the token’s price action unfolds.