Amid the crypto market selloffs, Toncoin whale activity has continued to surge, with large transaction volumes increasing by 80%. As per data from IntoTheBlock, Toncoin reported 1.68B ($9.75B) in large transaction volume, showcasing the growing interest of large players in the altcoin.
This sudden rise in whale activity is projected to impact the ongoing Elluminex presale, which is witnessing massive accumulation by crypto players. Launching on the TON blockchain, the Elluminex DeFi protocol will leverage cross-chain interoperability to enhance DeFi liquidity across the network, thereby solving issues of fragmented liquidity across the DeFi market.
Can The Rising Toncoin Crypto Large-Scale Participant Activity Trigger A Rebound?
The increasing Toncoin large-scale participant activity is not a surprise, given the massive developments going on in the TON blockchain. In September, the TON network surpassed 1B in transaction records, showcasing investors’ growing confidence in the ecosystem. In the recent Toncoin news, the team announced the release of the FinTax Telegram Mini App.
The release will allow for seamless TON wallet integration, full anonymity, and comprehensive financial management features. While the network continues to grow, market data shows that Toncoin’s price has dropped by 24% in the past week, triggered by the general crypto market decline. However, the Toncoin trading volume has continued to increase.
Best_Analysts, an expert on X, while analyzing the Toncoin price chart, claims a rebound will happen soon, pushing the altcoin to a new ATH of $9. Although the Toncoin market sentiment is bearish, gurus in Coincodex project a rise to $16.13 in the short term. Given the rising market activity and increasing big players’ activity, the altcoin is likely to witness a rebound soon, which might see TON set a new ATH in this bull cycle.
While Elluminex DeFi Coin Will Lead The Next Market Rally
Elluminex (ELX) is a new DeFi protocol that is about to bring DeFi to the over 950M active users of the TON blockchain. With the DeFi ecosystem facing issues such as fragmented liquidity, high fees, complex interfaces, and limited access to early-stage investment opportunities, Elluminex is designed to solve all these problems through its all-in-one DeFi platform.
The new protocol is built with features that will allow users to trade, earn, bridge, and track assets in one secure and easy-to-use environment. Through the Elluminex DEX, users will trade a wide range of assets directly from their wallets with little or no spillage and make profits. Elluminex aims to connect isolated blockchains in order to offer users a level of liquidity that is hard to match by other platforms.
The AI-powered portfolio tracker gives users the opportunity to monitor, analyze, and gain insights about the market and make smart trading decisions. This will not only allow for a seamless trading experience but also boost users’ profits. The Elluminex educational DeFi platform opens the door for old and new users to boost their knowledge of the DeFi ecosystem.
Apart from that, users have access to the over-the-counter platform, designed to give users early access to new TON projects before listing on exchanges. The native token, ELX, serves various purposes, such as decentralized community governance and other real-world values. Given the limited 350M total supply and the deflationary mechanism, the ELX token might lead the next market rally.
Why Large Players Are Accumulating The ELX Token
Outside of the innovative tokenomics, Elluminex is a project with robust features that will address the core problems of DeFi while bringing DeFi to the TON blockchain users. This could be compared to what Uniswap is offering to the Ethereum ecosystem. All these features and the massive ongoing development in the TON network are likely to drive up the prices of Toncoin and ELX. As such, a huge rally is possible for ELX in 2025.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
