Toncoin’s open interest has jumped by a significant 33% to reach $190 million in a single day, sparking worries of a market correction. This surge could drive price volatility as seen historically with similar spikes preceding corrections. The Open Network (TON) Foundation now oversees Toncoin operations, founded by Pavel Durov, following the transition from its earlier developer team. 33% growth in Toncoin futures open interest has been observed in just 24 hours, hitting a record high since February 2025. This surge is being closely monitored by market participants, who are keeping an eye out for potential volatility similar to past patterns. Notably, this impact hasn’t spread to major cryptocurrencies like Bitcoin and Ethereum, with the focus shifting to how Toncoin will respond to this increase in interest. While financial implications primarily affect Toncoin itself, a historical pattern points towards increased volatility following such surges. This suggests potential short-term market corrections might occur as seen in similar past instances, where increases in open interest have resulted in pullbacks. The rise of open interest isn’t accompanied by any major regulatory intervention.
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This article is for informational purposes only and doesn’t constitute financial or investment advice. Cryptocurrency markets are volatile and risk-involved; always do your own research before making any decisions. Consult a financial advisor if needed.