Toncoin's adoption has surged, with the number of holders surpassing 100 million, marking a 2,225% increase since the start of 2024. This growth was highlighted by CryptoQuant's Maartunn, noting that the Holder Count tracks the number of unique addresses with a balance on the blockchain.

Explosive Growth in 2024

At the beginning of 2024, Toncoin had about 4.3 million unique addresses holding the asset. This number has skyrocketed to over 100 million, driven by both new users and existing investors creating additional addresses. The launch of major Telegram gaming tokens, like Hamster Kombat, has also fueled this rapid growth.

Long-term Adoption Benefits

This rise in adoption is a positive sign for Toncoin's long-term prospects. A broader user base typically supports sustainable price growth, as it helps maintain relevance in the market by attracting fresh attention.

Current Price

Despite the surge in holders, Toncoin's price remains under pressure, trading around $5.14 after a decline in early October, struggling to regain momentum in line with broader market trends.