In recent news, if you are watching CoinMarketCap and following Cardano, you would have seen that Toncoin (TON) has flipped Cardano and pushed it into the number 10 spot. For some who are only just discovering TON, we look into how this crypto got a higher market cap than one of the biggest Layer-1 blockchains in the space. From analysis, whales hold most of TON, with the top 100 holders holding over 90% of the circulating supply of TON. This opens it up to market manipulation and wash trading. Timestamps(0:00) Intro(0:38) What is TON(1:52) TON token distribution among holders(2:40) Tokenomics(3:46) Wash trading & manipulation (5:05) Vote for Cardano in the Blockchain Life poll Cardano Whales Tweethttps://twitter.com/cardano_whale/status/1777475524513943817 Cardano VS TON tokenomics https://twitter.com/CryptoverseCNFT/status/1777488465807937687 Vote for Cardano in Blockchain Life pollhttps://voting.blockchain-life.com/ Breakdown of top 100 TON Whale Addresses:https://tonscan.org/whales Explanation of some of the biggest TON addresses https://twitter.com/afsalesbot/status/1777974667396944132
