Toncoin (TON) has been losing steam after multiple failed attempts to push above its resistance levels. For weeks, price action has stalled, and large holders have begun trimming exposure. For a token once viewed as a promising altcoin, this lack of sustained demand is raising fresh doubts about its long-term outlook.

The problem for Toncoin lies in its ceiling. Despite brief rallies, it has not managed to build momentum strong enough to reclaim its all-time high, leaving many wondering if its best days are already behind it. On-chain data highlights increased whale exits, further dampening sentiment and fueling talk of a potential retracement in the months ahead.

As Toncoin stalls, a different narrative has caught the attention of…