The whale bought in the Telegram-linked altcoin, which rose 30 percent today! - Coin Newsletter

Whale interest in Toncoin (TON), developed by Telegram founder Pavel Durov, is growing every day.

According to the data provided by the on-chain analysis platform Lookonchain, a cryptocurrency whale could not remain indifferent to the rises in TON and took action.

The data revealed that the whale in question bought 209,237 tons worth 858 thousand dollars at a cost of 4.1 dollars on March 13.

Toncoin accelerated its bullish momentum with founder Pavel Durov's recent interview with the Financial Times. In addition, Telegram added decentralization to the project last week, stating that it would distribute the majority of its TON supply to institutional investors and whales on the condition of long-term lock-up.

According to CoinGecko data, TON, which has risen 63% in the last 1 week, is trading at $4.36 at the time of writing.

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