The native token of The Open Network (TON), Toncoin (TON), witnessed a significant surge in whale activity, with large transaction volumes increasing by more than 111% in the past 24 hours. This indicates potential large-scale market shifts as these whales may be preparing for an upcoming price action. This increase was primarily driven by transfers exceeding $100,000, which represent a substantial jump from 913.69 trillion TON to 1.82 billion TON. According to on-chain analytics platform IntoTheBlock, the surge reflects increased activity from large holders (whales), possibly indicating buying or selling activities. Toncoin experienced a slight increase of nearly 1% in the past 24 hours to $2.98 but remained down 20% this week compared to previous values. The spike in whale activity is noteworthy, particularly considering the current market rebound for cryptocurrencies. Bitcoin and most other crypto assets are trading higher as a relief rally occurs in broader financial markets. However, Toncoin saw some fluctuation with its price down 111% from its all-time high. While whales often act ahead of retail investors, their activity hints at an accumulation phase following recent market dips. As the market awaits a significant shift, there’s potential for Toncoin to experience substantial movement in the coming days and weeks.