Toncoin (TON) investors are increasingly selling off large amounts of the coin, redirecting their funds to other promising tokens like RCO Finance (RCOF), an Ethereum-based token currently in its presale phase at $0.03.

The decision to shift investments from TON to RCOF is driven by the bleak outlook for Toncoin, as pessimism grows around the token due to ongoing legal challenges, regulatory issues, and the uncertainty surrounding Telegram's founder Pavel Durov's arrest.

The confidence loss in TON was exacerbated by a noticeable drop in the value of the token shortly after Durov's arrest, leading to further investor losses as the coin struggled to regain momentum.

With Toncoin's price currently at $4.63 and many investors believing it could take a while to surpass the $7 mark again, several major TON holders have started diversifying their portfolios, seeking more promising investment opportunities like RCOF.

The strategic move to RCOF, which has attracted significant interest from TON investors, is driven by the token's potential for over 17x returns once listed, offering a more lucrative investment prospect compared to the ongoing struggles of Toncoin.

Source: https://alexablockchain.com/toncoin-whales-dump-millions-pick-ethereum-token/

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