A significant portion of TONcoin investors are currently experiencing losses as the token trades below $3.14, down 0.27% in the last 24 hours. Despite this price drop, high transaction volume exceeding $27 billion over the past seven days indicates a robust market activity, with 91% of tokens held by large wallets, signifying continued dominance from whales. However, this dynamic is compounded by weak investor sentiment, poor correlation to Bitcoin trends, and signs of capital outflows. 0.34% decline in Telegram community members further suggests cooling engagement. The outlook hinges on whether any relief rally will be triggered by renewed demand or reduced selling pressure. If the outflows continue and sentiment doesn’t improve, TONcoin faces a risk of deeper losses as holders succumb to losses. A significant portion of investors entered the market within the last year (82% between 1-12 months), highlighting a relatively young user base. This situation could require strategic interventions like increased liquidity or renewed investor confidence for a potential turnaround.