TRON (TRX) Shows Resilience Amid $1.4B Selloff and Justin Sun’s Space Flight
Despite a massive $1.4 billion profit-taking selloff, TRON (TRX) has demonstrated remarkable resilience by holding steady near the $0.33 resistance level. This stability underscores strong underlying demand and the network's ability to absorb large sell orders. In other news, TRON founder Justin Sun completed a $28 million spaceflight, drawing significant media attention. However, the crypto community is now shifting its focus to altcoins like Dogecoin and UNIL, which are gaining traction. As of August 7, 2025, TRON's ability to weather such sell pressure and maintain its position highlights its potential for future growth in the competitive cryptocurrency market.
TRON Defies Profit-Taking Pressure Amid $1.4B Selloff
TRON demonstrates resilience as investors cash out $1.4 billion in profits, yet the altcoin holds steady NEAR the $0.33 resistance level. The network's ability to absorb massive sell orders signals underlying demand.
TRON Founder Justin Sun Completes Space Flight as Altcoins Dogecoin and UNIL Gain Attention
TRON founder Justin Sun's $28 million spaceflight captured headlines, but the spotlight is shifting to altcoins with stronger momentum. While TRX struggles below its 30-day high of $0.34, two tokens show breakout potential: Dogecoin and Unilabs Finance's AI-powered UNIL.
UNIL merges DeFi, TradFi, and artificial intelligence as the first AI-backed DeFi asset manager. Its presale token combines utility with governance in a package analysts call "this year's most compelling new protocol." Meanwhile, Dogecoin's price action suggests an imminent surge.
TRON's network metrics tell a bearish story - active addresses dropped 19% monthly to 13 million, while the MACD indicator hints at further declines toward $0.30. The Layer-1 blockchain faces headwinds despite Sun's extraterrestrial publicity stunt.
BlockchainFX Emerges as Top Crypto Presale Amid Market Growth
As the cryptocurrency market enters a new phase of expansion, investors are shifting focus from established altcoins to presale opportunities with tangible utility. BlockchainFX ($BFX) has gained prominence with its multi-asset trading platform, offering staking rewards and daily USDT payouts capped at $25,000.
The project distinguishes itself from meme tokens and speculative assets by delivering immediate functionality. Its presale price of $0.018 positions it as a value proposition against higher-market-cap alternatives. Cardano and Tron maintain ecosystem influence, but agile newcomers like BlockchainFX are attracting capital seeking compounding yield mechanisms.
Tron (TRX) Investors Cash Out $1.4B in Profits as Long-Term Holders Lead Exodus
Tron's native token TRX has seen its second-largest profit-taking event of 2024, with $1.4 billion in realized gains recorded on August 5. Glassnode data reveals a striking pattern: the majority of sellers are wallets holding TRX for 3-5 years, suggesting early bull market participants are capitalizing on current price stability between $0.32-$0.33.
The scale of profit-taking dwarfs Bitcoin's $665 million and Ethereum's $337 million realized gains during the same period. This sustained exit wave—averaging $1 billion daily since Saturday—marks TRON network's most significant profit realization in months. Market analysts watch closely whether this redistribution will fuel volatility or indicate healthy portfolio rebalancing.
Tron Profit-Taking Reaches $1.4 Billion As Bull Cycle Veterans Cash Out
Long-term tron holders from the 2020-2021 bull cycle are cashing out $1.4 billion in profits, marking 2024's second-largest single-day profit event for the cryptocurrency. The sustained profit-taking has averaged $1 billion daily since Saturday, representing the most prolonged wave of realized gains on the Tron network in months.
Tron's blockchain activity has surged, processing five times more Tether transactions than ethereum while hosting over $81 billion in USDT tokens. Glassnode data reveals this selloff is driven by three-to-five-year holders, with the Spent Output Profit Ratio confirming investors are locking in gains rather than losses.
