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The cryptocurrency platform Arkham has recorded a large transaction in the TON network. An anonymous address starting with Uf95OR transferred 1,400,507.8 TON tokens to the Elector smart contract. According to ChainCatcher data, this asset movement occurred early in the UTC morning.
The TON Elector contract plays a key role in the network's validator system — it distributes rewards and manages participants' stakes. Such large token transfers are often associated with validator activities or re-staking.
In light of this, the cryptocurrency market is showing activity around TON. Over the past 24 hours, the trading volume for this asset has reached $589.75K, reflecting current interest in validation and position management within the network.