Tron, the cryptocurrency known for its dynamic price movements, has recently witnessed a significant surge, leading to a remarkable scenario where almost all of its holders find themselves in profit.
Reports indicate that an impressive 99% of Tron addresses, totaling 115.9 million, are currently enjoying substantial profits, with only a minuscule 1.17 million addresses breaking even and none recording losses. This phenomenon mirrors the situation observed with Bitcoin, where a similar scarcity of underwater addresses exists.
$TRX hodlers, come feast your eyes on this! via @intotheblock
99% of addresses (115.9M) massively in profit
Just 1.17M at breakeven & 0 losing money.Mimicking $BTC with barely any underwater addresses.
With almost ALL holders piling profit, $TRX to the moon! 🚀 #BTC #TRX pic.twitter.com/Ejzvih0cKj
— Crust Bestie |Lia|🥰 (@Crustbestie) February 15, 2024
This insightful data was gleaned from analysis conducted using IntoTheBlock’s Global In/Out of the Money tool. The tool compares the purchase prices of TRX held in various addresses with the current market price of the asset. Addresses that purchased TRX at prices below its current value are labeled as “In the Money,” denoting profitability. Conversely, addresses that acquired TRX at higher prices are categorized as “Out of the Money,” indicating a potential loss.
TRON TRX Price Action To Monitor
The surge in Tron’s price has propelled a vast majority of addresses into profitable territory, with the cryptocurrency reaching a new high not witnessed in nearly two years, hitting $0.1325. Over the past month alone, Tron has recorded a notable gain of 22%, showcasing its resilience and potential for growth in the volatile cryptocurrency market.
This impressive feat underscores the optimism and confidence prevalent among Tron investors as they witness the substantial appreciation in the value of their holdings.
The bullish sentiment surrounding Tron reflects its position as a prominent player in the cryptocurrency landscape, with investors eagerly anticipating further developments and price movements in the days to come.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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