Long-term TRX holders realized over $1.4 billion in profits within 24 hours

Long-term Tron TRX holders led the token’s recent sell-off to take profits. On-chain analytics platform, Glassnode, disclosed this as an X post after the token recorded $1.4 billion in realized profits within 24 hours.

According to the analytics platform, this is the second-largest profit-taking event this year for TRX, with all on-chain metrics showing that holders are cashing out on the token’s resilient performance.

It said:

“Profit-taking has accelerated, with nearly $1B in profit realized daily since Saturday. This marks the most sustained wave of realized profit for #TRON in months.”

Interestingly, Glassnode analysts note that the sell-offs have mostly come from wallets that have held TRX for 3-5 years. They believe this is a sign that most of those selling are participants who bought during the 2020 – 2021 cycle.

Meanwhile, the analysts stated that the sellers are “exiting into strength,” pointing to metrics such as net unrealized Profit and Loss, which is in the Optimism/Anxiety territory, and the Spent Output Profit Ratio (SOPR) that is currently greater than 1.

Thus, the sales were not panic dumps but calculated moves by long-term holders to take profits. Price performance also backs up this analysis as TRX has gained around 1% in the past 24 hours. Despite the recent market pullbacks, the token is trading at $0.3344 and remains one of the best-performing altcoins.

According to CoinMarketCap, TRX has gained 16.48% in the past 30 days and currently sits at a positive 31% year-to-date (YTD). This YTD performance puts it ahead of several other major cap tokens, including ETH with only 9.11%, XRP with 29.12%, or BNB with 8.79%. It even performs better than Bitcoin, which is up 22% YTD.

TRON on-chain activity driving TRX performance

TRX’s positive performance, especially relative to other cryptocurrencies, is due to several factors, including the rise in activity on the Tron Blockchain. According to data from Cryptorank, the network has seen massive on-chain performance in the first half of 2025, with almost all metrics for measuring activity reaching record levels.

Per the data, Tron recorded 784 million transactions in Q2 of 2025 to have its second-highest quarterly transactions, only a few million short of the all-time record in 2023. With the transaction volume, it was among the top 5  networks in transaction volume in H1 of 2025, with only Solana and ICP ahead.

Interestingly, it was not just the volume that increased; revenue also rose on the network in the first half, with Tron seeing almost $1 billion in revenue for the second half of 2025. This is its highest-ever revenue and continues a trend of quarterly revenue rising consistently for the past few quarters.

With the rising revenue, the burn rate for TRX has also increased, as $319 million worth of tokens were burnt in H1. That burning has already continued into the second half, with July alone seeing around 1.16 billion TRX burnt.

Other metrics, such as daily active addresses, also increased in the last quarter, showing the growing momentum for the network, with 10% of active wallets in Q2 being brand new. Stablecoin activity on Tron has also been relatively high, with the network having the highest supply of USDT and ranking third in overall stablecoin transfers for H1.

Tron Inc. wants to accumulate more TRX tokens

Meanwhile, the performance of TRX also comes amidst its recent announcement by Tron Inc. to raise $1 billion to accumulate TRX. Tron Inc. is a new company formed after a merger between the Nasdaq-listed SRM Entertainment and TRON DAO.

Since the reverse merger was finalized in June, TRON’s stock has seen an over 1500% increase, going from being a penny stock worth only a few cents to peaking above $10. While it has fallen to $6.48 and lost 26% of its value in the past five days, it has retained most of its gains.

So far, the company already holds around 365 million TRX tokens and remains the only publicly listed company holding the token.

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