Tron $TRX Sees $1.4 Billion Profit Surge as Whales Cash Out

Tron ($TRX) experienced a significant profit event on August 5, 2025, with $1.4 billion in realized profit recorded in a single day—marking the second-largest profit event of the year, according to on-chain analytics from Glassnode [1]. The surge in profit-taking reflects a Spent Output Profit Ratio (SOPR) exceeding 1, a metric that signals holders are selling at a profit. The Net Unrealized Profit/Loss (NUPL) also entered “optimism/anxiety” territory, a common indicator of market peaks where selling pressure intensifies [1].

Long-term holders—particularly those who acquired $TRX during the 2020-2021 cycle—were primarily responsible for the profit surge. These investors, holding assets for 3–5 years, are now cashing out at a 374% margin, as noted by analyst Alva [1]. This strategic exit into strength has raised questions about market dynamics, with whales and original holders dominating the movement. Exchange data further reveals that these sales are largely offset by new whale accumulations off-exchange, which has helped keep sell pressure muted [1].

The profit wave, which began on Saturday and has continued daily, marks the most sustained period of profit-taking for Tron in months. This activity is supported by Tron’s strong fundamentals, including 81 billion USDT in circulation and $1 billion in second-quarter revenue, which continue to underpin the project’s value [1].

However, the whale-driven nature of the profit event has sparked debate about Tron’s market structure. Historical critiques of Tron’s initial token distribution—45% to founders and Justin Sun, and 55% to investors—have highlighted the project’s centralized nature, potentially amplifying the influence of large holders. A 2022 study in the Journal of Financial Economics noted that large token holders can manipulate price movements, balancing retail FOMO with strategic exits [1]. Despite this, 98% of $TRX holders remain in profit, indicating a controlled rotation rather than a panic-driven sell-off.

The market now faces the challenge of absorbing these large sales while maintaining momentum. With whales actively balancing sales and accumulation, the outcome will depend on whether new capital flows into the asset to sustain its upward trend.

Source:

[1] [TRON ($TRX) Sees $1.4B Profit Surge as Whales Cash Out](https://coinmarketcap.com/community/articles/689314db1c2c1e490438c9bf/)