Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Massive Movement of 4.59M TON in Four Minutes Market Alert
In just a four-minute interval, between 15:22 and 15:26, a series of transactions caught the crypto community’s attention: approximately 4.59 million TON, equivalent to $6.97 million, were directed to a smart contract on the TON network. The current value of TON is around $1.53, reflecting the significance of this movement.
Details of the Operation
The activity originated from three unidentified wallets, each executing a transfer in quick succession. The first transfer left Ef_VwRQK… at 15:22, moving 1,553,552.69 TON (approximately $2.36 million). Minutes later, at 15:24, the second transaction was from Ef_A6gk…, totaling 1,553,550.75 TON ($2.36 million). The third and final one arrived at 15:26, originating from Ef-hGe5U…, with 1,483,814.03 TON ($2.25 million).
What Does This Mean?
The concentration of transfers in such a short time suggests a coordinated operation or a strategic withdrawal of funds. With millions of dollars flowing simultaneously into a smart contract, the market remains attentive to the next moves, trying to decipher whether this is a preparatory accumulation or a staking and delegation strategy on the TON platform.