Tron (TRX) Surges 98% Profit Wallets Near All-Time High

Tron (TRX) has been gaining significant traction in the cryptocurrency market, with analysts forecasting a bullish outlook for the token. The recent surge in TRX, where 98% of wallet addresses are showing profits, has pushed the token closer to its all-time high. This positive momentum is further bolstered by the network's dominance in stablecoin settlement and global transaction flow, having surpassed $600 billion in USDT transfer volume.

The on-chain analysis of TRX, focusing on the Spent Output Profit Ratio (SOPR), provides valuable insights into investor sentiment and potential market direction. Currently, TRX's SOPR is hovering around the 1.0 mark, indicating a state of extreme neutrality where investors are selling at their cost basis. This neutral state suggests a market waiting for direction, with the potential for a significant breakout in either direction. Historically, sustained movements above 1.0 in SOPR have preceded bullish rallies, while drops below 1.0 often trigger panic selling.

Analysts highlight that the largest profit-taking phase for TRX occurred between October 2024 and March 2025, with SOPR well above the breakeven mark during that period. This historical data suggests that a clean breakout and hold above 1.0 could revive investor confidence and trigger renewed upside momentum in TRX’s price. Conversely, a decisive rejection below 1.0 could signal the onset of fear-driven selling, potentially intensifying downward pressure and extending losses.

Looking ahead, price predictions for TRX suggest a range between $0.269202 and $0.345353, with an expected value around $0.322259. This could lead to a potential gain of 29.66%. Additionally, projections show TRX could rise to $0.3409 by June 1, almost 24% higher in a matter of days. Broader models place the average price around $0.368 for 2025. According to the analyst's forecast, the price of TRX is projected to reach $0.2809 in 2026.

The current market conditions and historical data indicate that TRX is poised for further gains. The neutral state of the SOPR metric suggests a market waiting for direction, with the potential for a significant breakout in either direction. Investors should closely monitor the SOPR metric, as a move in either direction could define the tone for the weeks ahead. With the network's dominance in stablecoin settlement and global transaction flow, TRX is well-positioned to continue its upward trajectory in the cryptocurrency market.