Before the BTC decline commenced on June 6, the price of TON Coin surged to its highest level of $7.54 in 2024. This upward trend was attributed to the backing of NOT Coin and the potential long-term advantages that Telegram could offer to the project. Although investors’ optimism is understandable, it is crucial not to overlook the risks associated with a significant portion of the supply being held in a limited number of wallets, a point that has been emphasized repeatedly. Stay updated on the latest technology news by visiting NEWSLINKER.
