Both Ethereum (ETH) and Toncoin (TON) have attracted a significant amount of investors, but a recent analysis by CryptoQuant indicates that TON might actually exceed ETH in holder numbers. This assertion is grounded in the impressive growth rate that TON has experienced over recent months, averaging 500,000 new followers daily for the last four weeks. If this trend continues, TON is projected to surpass Ethereum by late December. Ethereum Still Fighting Despite the aforementioned growth, it is important to note that the number of ETH holders could rise as well, and there is a chance that the growth in TON holders might slow. Furthermore, comparing TON addresses to those of ETH, as of October 26th, the total for TON stood at 113.71 million. Of these, 93.18 million had balances, while 20.54 million had none. A year ago, TON had only 3.63 million addresses, reflecting an astounding 3,032% increase. In contrast, Ethereum had 309.32 million addresses on the same date, resulting in a year-over-year growth of 14.42%. This indicates that the increase in TON addresses occurred at a rate 210 times faster than that of Ethereum. The Decline Continues Ownership statistics reveal that interest in Toncoin has declined over the past month. Whale holdings decreased to 33.19% at the time of reporting. Meanwhile, investor balances dropped to 25.51%, while retail ownership rose to 41.31%. This trend indicates that whales and investors have been reducing their holdings, while retail investors have been accumulating. In terms of price action, despite a general positive trend among top cryptocurrencies since September, Toncoin has fallen, revisiting September lows. On October 25th, it dropped to $4.51, marking a 16% decrease compared to its weekly peak. Stil, the bullish momentum for Toncoin continues, as the recent surge of clicker games within Telegram has notably amplified the appeal and functionality of the TON Blockchain and its native token, TON.
