The whales are back in the Toncoin market, and they are buying in large quantities despite the price drop. The whale activity in Toncoin has surged by 376%, which is an indication that the big players are taking advantage of the low prices. The large transaction volume for Toncoin has reached $12.42 million worth, which is a significant increase from the previous days.

The price of Toncoin has been declining for the past two days, with a 2.53% drop in the last 24 hours to $6.90. However, the increase in whale activity suggests that the price may bounce back soon. The MVRV indicator from Santiment suggests that Toncoin may experience consolidation or range trading in the short term, which means that the price may not move significantly in the next few days.

The MVRV ratio is a key indicator that compares the market value of a crypto-asset to its realized value. A lower 30-day MVRV suggests that the asset is undervalued and may be poised for a short-term price increase, while a higher ratio indicates overvaluation and the potential for a price correction. Currently, Toncoin has a 30-day MVRV of -0.6%, which is considered neutral.

The neutrality in the MVRV ratio suggests that Toncoin's market value is closely aligned with its realized value, indicating that the asset is neither overvalued nor undervalued at this time. This means that the likelihood of a short-term bounce is unclear, leaving investors to seek other signals to guide their trading decisions.

The increase in whale activity and the neutral MVRV ratio suggest that Toncoin may be a good investment opportunity for those who are looking to buy low and sell high. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Therefore, investors should do their own research and consider their own risk tolerance before making any investment decisions.