Toncoin (TON) and Binance Coin (BNB) retraced by 4.59% and 0.21% respectively, in a day. However, they displayed bullish trends in a key metric: the percent supply in profit.
According to onchain analytics firm Glassnode, this metric indicates a substantial rise in TON and BNB holders sitting on unrealized gains.
The Ton Coin and Binance Coin Supply in Profit Metric
In a recent X post, Glassnode noted that TON and BNB saw the strongest gains in percent supply in profit over the past 30 days. This means TON and BNB holders are becoming increasingly profitable.
Glassnode data shows 94% of TON holders are in profit as the Percent Supply in Profit metric increased by 23.8% over the past month. Over the same period, the metric also surged by 17.4% for BNB.
Image Source: Glassnode on X
As a result, the number of BNB holders in profit has risen to 86.3%, per Glassnode data. Notably, TON and BNB’s profit metrics show strong conviction from traders and investors.
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