#CryptoMarketWatch The Toncoin (TON) cryptocurrency faced significant declines after reaching $5.6 two months ago, and is currently trading at $2.9, reflecting a decrease of 2.25% in the last twenty-four hours, and an overall decline of 11.68% weekly and 22.53% monthly. Only 3% of the coin holders are profitable, with a loss of 96%, which may encourage further selling among the coin holders to prevent losses. Despite this, whale investors have increased their holdings from 426.3 thousand to 603.37 thousand, indicating that they see the decline as a buying opportunity. Whales control 91% of the circulating supply and are holding it rather than selling, as evidenced by the significant drop in their outflows to exchanges. However, selling pressure in the broader market remains, as seen by the Toncoin's relative strength index dropping to oversold levels and the negative Chaikin money flow. The market may see a buying opportunity if sellers are exhausted or face further declines, which could reach $2.8 before a reversal.