The Staking Ratio Begins to Dip While Price Bounces to $6

• If the dynamics from March repeat, a strong price move higher can be expected.

Toncoin (TON) has a promising outlook for this cycle. A recent AMBCrypto report set bullish targets for this run at up to $19.5. Observations of the staking ratio indicate a potential short-term price surge.

Social sentiment has been increasing recently, alongside a growing number of non-zero TON balance addresses, highlighting organic demand for the token.

Comparing Present-Day and March

In a post on CryptoQuant Insights, analyst Joao Wedson pointed out the correlation between rising market prices and falling TON staking. In March 2024, the amount of TON locked in staking (staking TVL ratio, purple) notably declined while the price increased.

This trend often occurs when investors feel a shift in sentiment within the altcoin market, prompting them to withdraw funds for trading on exchanges. Such token movement fosters further demand, subsequently boosting prices.

Locked tokens lack flexibility, making them less useful during periods of heightened volatility and potential gains, likely explaining last summer’s rapid decline in the staking TVL ratio.

The analyst anticipates a potential drop in the staking TVL ratio as TON appears to deviate from its downward price trend, which may help sustain an upward trajectory in the upcoming weeks.

High Network Growth Shows Faith in Toncoin

AMBCrypto reported a rise in daily active addresses and network growth over the past two weeks, coinciding with TON’s price increase from $5 to $6. A growing number of unique addresses engaged in transactions daily, coupled with new address creations, underscores the high demand for Toncoin.

Supply distribution data reveals that larger holders have been offloading their assets in recent months. The number of holders with 100 or more TON, up to a million, has steadily decreased, indicating selling pressure over the past three months.

Read Toncoin’s Price Prediction 2025-26

Conversely, smaller addresses holding less than 10 Toncoin have continued to accumulate more. The absence of whale accumulation contradicts the narrative of high TON demand.

A further drop in the staking TVL ratio might signal a bullish sentiment shift. Over the next month, continued price gains could lead to more tokens being withdrawn from staking to seize trading opportunities.