Tron (TRX) Investors Pocket $1.4B in Profits — Who’s Dumping the Bag?
Tron’s TRX holders just hit a jackpot—realized profits surged past $1.4 billion. But while the bulls celebrate, the big question looms: Who’s cashing out before the music stops?
The whales are circling
Smart money doesn’t wait for the top. With TRX’s recent tear, early adopters and institutional players are quietly locking in gains—leaving retail to chase the rally. Classic.
Paper hands or profit takers?
Every bull run has its exit strategists. Some call it prudence; others call it weak hands. Either way, $1.4B doesn’t walk out the door without leaving footprints.
Meanwhile, in ‘traditional’ finance…
Wall Street still thinks a 2% bond yield is ‘risk-adjusted returns.’ Meanwhile, crypto degens are printing generational wealth in a single cycle. Priorities.
Who Is Taking Profits?
According to Glassnode, the majority of the profit-taking is coming from wallets that have held TRX for three to five years. This shows that investors who participated in the 2020-2021 bull cycle are exiting into strength. Glassnode said this shift in behavior could influence short-term market dynamics. It remains to be seen whether this shift will be positive or negative.
The three-to-five-year cohort spearheaded the profit-taking on August 5, driving the 24-hour Realized Profit metric to $1.4 billion. This figure comes second to the $2.2 billion recorded on May 30. Even Bitcoin’s 24-hour Realized Profit metric sat below Tron’s, at $665.1 million, while that of ethereum stepped down further to $337.2 million.
Glassnode says profit-taking for TRX has remained accelerated since Saturday, with roughly $1 billion realized every day. This is the most sustained wave of realized profit the TRON network has seen in months.
On the other hand, the Net Unrealized Profit & Loss indicator is in Optimism/Anxiety territory, and the Spent Output Profit Ratio (SOPR) is greater than one. This confirms that investors are taking profit into strength. Tron’s 24-hour Realized Loss was a mere $31,600.
Tron Sees Increased Activity
The latest development comes as the Tron ecosystem sees an increase in network activity. The blockchain recently beat Ethereum in global Tether USD (USDT) transactions by more than five times. Since the beginning of the year, the USDT supply on Tron has grown by more than $20 billion. As at writing time, the network hosted over $81 billion USDT, per data from analytics platform DeFiLlama.
Tron also handles about 60% of all USDT transfers, serving as the preferred network for institutions and developing countries. Last week, TRX ranked among cryptocurrencies dominating social media discussions, highlighting sustained investor interest in the digital asset.
Meanwhile, the crypto treasury adoption wave did not leave Tron behind. One leisure goods company, named SRM Entertainment, adopted TRX in its treasury strategy and changed its name to Tron Inc.
