In early June, Tron’s (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 holders’ wallets that have remained inactive for nearly two years. The activity could be tied to early investors realizing gains, internal transfers, or reallocation decisions.
Written by maartunn
