Toncoin Grows 210 Times Faster Than Ethereum: TON Over ETH Soon?

TON addresses were growing rapidly and were soon on track to overtake Ethereum
Toncoin whales and institutional holders are contributing to the selling pressure.

Any currency within Ethereum [ETH] and Toncoin [TON] Are there more possibilities? Both are considered attractive to investors, but recent cryptoquant analysis shows that TON will likely overtake ETH in terms of holder numbers.

Martunn's bold claim was based on the average rate of growth of TON over the past few months. According to analysis, TON averaged 500,000 new followers per day over the past four weeks.

If this momentum is maintained, the network will surpass Ethereum by the end of December.

Maartunn's analysis, however, notes that ETH holders may also increase, and it is also possible that the growth of TON holders may slow.

How do TON addresses compare to ETH addresses?

The total number of TON addresses as of October 26 was 113.71 million addresses. 93.18 million of them had balance and remaining 20.54 million addresses had zero balance.

For context, just 12 months ago TON had a total address of 3.63 million, so total addresses increased by 3,032%.

Toncoin Grows 210 Times Faster Than Ethereum: TON Over ETH Soon?

Source: IntoTheBlock

In contrast, Ethereum had a total of 309.32 million addresses as of October 26. A significant improvement from 270.35 million total addresses just 12 months ago.

14.42% YoY growth. This means TON addresses grow 210 times faster than Ethereum addresses.

As far as ownership statistics were concerned, historical density data revealed that demand for Toncoin has decreased over the past 30 days. Whale balances fell from 32.63% on September 26 to 33.19% at press time.

Source: IntoTheBlock

In the last 4 weeks investors' balance has decreased from 26.73% of supply to 25.51%. Finally, the TON supply held by the retail category increased from 40.65% to 41.31% during the same period.

This ensured that whales and investors reduced their balances while retail was piling up.

Toncoin Price Action Recap

While most of the top coins are building on September's bullish momentum, Toncoin's price has dropped to a retest of September's lows. It fell as low as $4.51 on October 25th, equivalent to a 16% drop from its weekly high.