- Tron (TRX) boasts a remarkable 95% address profitability, signaling strong investor gains.
- However, a looming 10.45 billion TRX sell wall and declining trading volume could stall its bullish momentum.
Tron (TRX), one of the top 10 cryptocurrencies by market capitalization, is making headlines with an astonishing 95% of its addresses currently in profit. This bullish statistic has ignited investor enthusiasm, but beneath the surface lies a warning sign that could shift market sentiment fast.
According to data from IntoTheBlock, over 72.87 billion TRX tokens—worth around $18.11 billion—are classified as “In the Money,” indicating that a vast majority of TRX holders are sitting on gains. Surprisingly, not a single address is currently “Out of the Money,” highlighting TRX’s remarkable rally in recent days. Another 12.14 billion TRX, or roughly $3.02 billion, are “At the Money,” meaning they are breaking even.
This rare profitability spike has fueled speculation that TRX could soon break out, especially with founder Justin Sun expressing confidence that the token will hit a new all-time high of $0.4407 before the end of Q2. As of now, TRX is trading at $0.2485, up 1.81% in the last 24 hours.
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However, not all signals are bullish. Trading volume has dipped over 16% to $407.74 million, suggesting that investor enthusiasm may be cooling. More critically, a massive 10.45 billion TRX sell wall has been spotted on-chain. This level of resistance could stall the rally if selling pressure increases and buying momentum wanes.
While Tron has recently overtaken Cardano in market cap, making it the ninth-largest cryptocurrency, its short-term fate hinges on whether it can maintain upward pressure in the face of declining volume and heavy resistance.
The TRX market is currently a delicate balance of optimism and caution. A sustained push above key resistance levels, backed by strong volume, could pave the way for Sun’s ATH prediction to come true. But if the sell wall holds firm, it may trigger a swift reversal, throwing some holders back “Out of the Money.”
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
