TRON Holds Strong After $1.4B Whale Cash-Out
- Whales realized $1.4B in TRX profits in just 24 hours.
- Despite the massive sell-off, TRX is holding above $0.33 support.
- Market resilience hints at potential upside, but risks of a correction remain.
TRON pulled off something unusual this week. Glassnode data showed whales cashed out nearly $1.4 billion worth of TRX profits in just 24 hours — one of the largest profit-taking waves of the year. Normally, that kind of unloading sends prices tumbling. But TRX didn’t crack. It’s still holding above $0.33 support like nothing happened, which hints at serious buy-side demand keeping it afloat.
Long-Term Holders Finally Take Profits
The cash-outs didn’t come from jittery retail hands. Instead, it was long-term holders — wallets sitting on TRX for 6 to 24 months — finally deciding to lock in gains. That’s usually the sort of move that drags a token lower, since older coins hitting exchanges often signal distribution. But in this case, the market soaked it up. Buyers seemed more than ready to absorb the pressure, keeping TRX steady while most other coins would’ve slipped hard.
What’s Next for TRON (TRX)?
If TRX can keep its footing above $0.33 through the week, analysts say it sets the stage for another leg higher. Resilience in the face of $1.4 billion worth of selling isn’t a fluke — it usually points to deeper strength underneath. Still, it’s worth noting that profit-taking on this scale doesn’t happen out of thin air. The next few sessions will be critical in showing whether TRON’s support is built on solid ground or just temporary resistance before a larger correction.
The post TRON Holds Strong After $1.4B Whale Cash-Out first appeared on BlockNews.
Read More
TRON at a Crossroads: Breakout or Breakdown?
XRP Monthly Chart Hints at Explosive Move Toward $7–$8
TRON Holds Strong After $1.4B Whale Cash-Out
- Whales realized $1.4B in TRX profits in just 24 hours.
- Despite the massive sell-off, TRX is holding above $0.33 support.
- Market resilience hints at potential upside, but risks of a correction remain.
TRON pulled off something unusual this week. Glassnode data showed whales cashed out nearly $1.4 billion worth of TRX profits in just 24 hours — one of the largest profit-taking waves of the year. Normally, that kind of unloading sends prices tumbling. But TRX didn’t crack. It’s still holding above $0.33 support like nothing happened, which hints at serious buy-side demand keeping it afloat.
Long-Term Holders Finally Take Profits
The cash-outs didn’t come from jittery retail hands. Instead, it was long-term holders — wallets sitting on TRX for 6 to 24 months — finally deciding to lock in gains. That’s usually the sort of move that drags a token lower, since older coins hitting exchanges often signal distribution. But in this case, the market soaked it up. Buyers seemed more than ready to absorb the pressure, keeping TRX steady while most other coins would’ve slipped hard.
What’s Next for TRON (TRX)?
If TRX can keep its footing above $0.33 through the week, analysts say it sets the stage for another leg higher. Resilience in the face of $1.4 billion worth of selling isn’t a fluke — it usually points to deeper strength underneath. Still, it’s worth noting that profit-taking on this scale doesn’t happen out of thin air. The next few sessions will be critical in showing whether TRON’s support is built on solid ground or just temporary resistance before a larger correction.
The post TRON Holds Strong After $1.4B Whale Cash-Out first appeared on BlockNews.
Read More
TRON at a Crossroads: Breakout or Breakdown?