币界网报道：Over 68% of the circulating supply of Toncoin (TON) is concentrated in the hands of whale addresses, according to recent data from IntoTheBlock. These large holders, defined as wallets containing at least 1% of the total supply, currently control approximately 68.5% of TON tokens. The high concentration raises concerns about potential market manipulation and price volatility, as whales can significantly influence trading dynamics with their holdings. Meanwhile, the TON ecosystem continues to expand, with Telegram's recent integration of TON-based payments for advertisers and the launch of The Open League incentive program. Despite the whale dominance, TON has shown strong performance, surging over 200% year-to-date and recently surpassing Cardano (ADA) in market capitalization to become the ninth-largest cryptocurrency. The TON Foundation remains focused on fostering adoption through partnerships and developer initiatives.