maartunn
๐ง Old TRON Wallets Are Moving Again
In early June, Tronโs (TRX) Spent Output Profit Ratio (SOPR) reached 4.74, the highest reading in recent months. While there have been other instances of profit-taking, this spike stands out due to its size and context. A SOPR of 4.74 indicates that the coins spent were sold at 4.74 times their original cost, a 374% profit. With TRX priced at $0.268 at the time, the average acquisition price for those coins would have been around $0.0566. The last time TRX traded at that level for an extended period was late 2022. This suggests the movement came from long-term holdersโ wallets that have remained inactive for nearly two years. The activity could be tied to early investors realizing gains, internal transfers, or reallocation decisions.