TON Coin Price Holds at $3.07 as Bulls Defend Key Support

Toncoin has been showing some interesting price action lately, finding its footing around the $3 level as traders weigh the broader market conditions. While the token has seen a minor pullback today, the underlying metrics suggest there's still solid interest from both retail and institutional players. Let's dive into what's happening with TON and what traders should be watching.

TON Price Consolidates at $3.07

Toncoin is taking a breather at $3.07, down about 1.09% for the day. Even with this small dip, the token is holding onto its impressive $7.89 billion market cap pretty well. What's encouraging is that trading activity is actually picking up - we're seeing $140.4 million in daily volume, which is up 6.33% from yesterday.

Toncoin (TON) Price and On-Chain Activity

Looking at the bigger picture, Toncoin is sitting pretty at #22 in the crypto rankings. The numbers tell a good story - there are now over 153,560 people holding TON, which shows the community is steadily growing and sticking around for the long haul.

The supply situation looks healthy too. There are about 2.56 billion TON tokens currently in circulation out of a total possible 5.13 billion. This puts the Fully Diluted Valuation at around $15.8 billion, giving us a sense of what the token could be worth if all coins were in circulation.