The movement of dormant wallets #ترون $TRX is focused on the return of long-dormant wallets - some inactive for nearly two years. The activity of these wallets is monitored through the spent output profit ratio (SOPR), a metric that tracks whether coins are spent at a profit or a loss. An SOPR of 4.74 means that the coins were sold for about 4.74 times their purchase price - translating to an astonishing profit of 374%.
Who is behind this movement?
It is likely that the concerned wallets belong to long-term Tron investors who bought years ago and held through multiple market cycles. The sudden activity indicates that these investors are realizing significant gains. This shift may suggest increased confidence - or simply profit-taking as Tron becomes more active in the market.
What could this mean for TRX?
Market sentiment change: Selling by long-term investors may indicate market sentiment peaks or increased liquidity confidence.
Short-term impact: Large movements may create selling pressure, although they may also indicate potential for momentum to continue.
Future outlook: If the funds are reinvested, Tron could witness another recovery phase.
Looking to the future
The reactivation of old Tron wallets suggests a new chapter in the dynamics of on-chain assets. It remains to be seen whether this is the start of a new wave of market activity or just a temporary move, but it certainly brings Tron back into the spotlight.
