Tron SOPR Hits 4.74 as Investors Realize 374% Profits
On-chain data indicates a notable profit-taking spike for Tron (TRX) earlier in the month, as analyzed by CryptoQuant.
Key Points on Tron SOPR
- Tron's Spent Output Profit Ratio (SOPR) spiked above 1, indicating significant profit realization among investors.
- The latest SOPR peak reached 4.74, translating to a profit margin of 374%.
- TRX was priced at $0.268, with an average acquisition price of around $0.0566, suggesting long-held tokens were sold.
- Profit-taking activity may involve early investors, internal transfers, or reallocation decisions.
USDT Supply Milestone
- Tron's USDT supply has surpassed $80 billion, the second-highest among cryptocurrency networks.
- This increase highlights growing network activity as noted by Sentora.
Current TRX Price
Tron is currently trading at approximately $0.273, reflecting a 0.5% increase over the last 24 hours.
