TON Validators Plan to Freeze $2.5B | News

TON validators will vote next February 21 to suspend the trading of 194 wallets with a total balance of 1.08 billion Toncoin tokens valued at $2.5 billion. These reportedly have not made a single transaction since the 2020 to 2022 coin distribution.

The community last month asked its owners to be active online.

1.08 billion Toncoin tokens equal to 21.3% of the total supply of the coin.

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It should be noted that the procedure will not cover addresses that did not participate in the initial coin distribution.

According to the publication:

“Through the potential suspension of these wallets, there is a hope that clarity about the volume of Toncoin currently circulating will be provided.”

The implementation of the initiative will require the participation of 75% of validators in several rounds of voting.

If approved, the proposed suspension would be in effect for four years.

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