Toncoin [TON] May Surpass Ethereum [ETH] in Terms of Holder Count

Both are considered attractive to investors, but a recent CryptoQuant analysis suggests that TON will likely surpass ETH in terms of holder count.

A recent CryptoQuant analysis suggests that TON will likely continue to grow and may even surpass ETH in terms of holder count.

The total number of TON addresses as of the 26th of October amounted to 113.71 million addresses. 93.18 million of them had balances while the remaining 20.54 million addresses had zero balance.

For context, TON had 3.63 million total addresses exactly 12 months ago, hence total addresses gained by 3,032%.

In contrast, Ethereum had 309.32 million addresses in total as of the 26th of  October. A significant improvement from 270.35 million total addresses exactly 12 months ago.

A 14.42% year over year growth. This means TON addresses grew 210 times faster than Ethereum addresses.

As far as ownership stats were concerned, historical concentration data revealed that demand for Toncoin was on the decline in the last 30 days. Whale balances dropped from 32.63% on the 26th of September to 33.19% at press time.

Investor balances dropped from 26.73% of the supply to 25.51% during the last 4 weeks. Finally, the TON supply held by the retail class grew from 40.65% to 41.31% during the same period.

This confirmed that whales and investors have been trimming their balances while retail has been accumulating.

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