XRP and TRX Holders Remain Profitable as ETH and SOL Struggle
Recent analysis by Glassnode reveals significant disparities in the profitability of various cryptocurrencies amidst market volatility.
TRX and XRP: Profitability Maintained
- Tron (TRX) has 84.6% of its total supply in profit, down only 5.6 percentage points year-to-date.
- XRP holds 81.6% of its supply in profit, with a decline of 10.4 percentage points YTD.
- TRX is trading at $0.2349, up 4% in the past 24 hours, close to its recent high of $0.4407.
- XRP is priced at $1.87, having increased 7.28% recently, facing resistance at $2.13.
ETH and SOL: Major Losses
- Ethereum (ETH) reports only 44.9% of supply in profit, a drop of 39.9 percentage points YTD.
- Solana (SOL) has 31.6% of its supply in profit, down 46.8 percentage points this year.
- ETH is currently at $X, down nearly 30% over the last month and more than 50% from its all-time high of $4,878.
- SOL, trading at $107 after a 7.7% bounce, contends with resistance at $122.
Middle Ground: BTC, TON, ONDO, DOGE
- Bitcoin (BTC) retains 76.8% of its supply in profit, down 11.9 percentage points YTD; currently priced at $78,923.96.
- Toncoin (TON) and Ondo (ONDO) have 76.7% and 74.3% of their supplies in profit, respectively.
- Doge (DOGE) stands at 50.8% profitability, down 32.3 percentage points YTD, currently trading at $0.1504.
These figures highlight the varying degrees of holder profitability across major cryptocurrencies, influencing potential investment strategies.