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 21.3% of the total supply of the coin.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
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.