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TON Community Freezes Over 1 Billion Toncoins Across 171 Wallets

The TON blockchain community, which was created as part of the digital currency project for Telegram, recently held a vote to freeze 171 wallets that collectively hold more than 1 billion Toncoins. The freeze was implemented to safeguard against potential shocks and prevent any price manipulation of Toncoin.

The 171 dormant wallets on the TON network store more than 20% of the total volume, and if their owners were to sell their coin holdings, it could adversely affect the entire TON ecosystem. As such, the freeze will remain in place until 09:00 (UTC) on February 21, 2027.

According to the community’s official Telegram channel, more than 75% of validators voted for a temporary restriction on the activation of dormant early mining wallets. These addresses were not activated until the end of the vote and will not be able to become active until the aforementioned date in 2027. This decision was supported by both validators and the TON community.

“More than 75% of validators voted for a temporary restriction on the activation of dormant early mining wallets – these addresses were not activated until the end of the vote and will not be able to become active until 09:00 (UTC) on February 21st, 2027. The decision was supported by both the validators and the TON community,” the community’s official Telegram channel says.

Concerns about the lack of transparency regarding dormant wallets were previously raised by community members. To prevent the possibility of manipulating the coin’s price, the freezing of addresses was proposed and ultimately implemented.