Old TRON Wallets Awaken as SOPR Hits 4.74, Triggering Market Interest

TRON's SOPR reached 4.74 in early June, signaling a major movement of coins acquired during late 2022 by long-term holders.

Wallets inactive for nearly two years moved coins as TRX traded at $0.268, revealing a profit margin of approximately 374%.

CryptoQuant's analysis suggests the activity likely came from early investors realizing gains or reallocating previously dormant assets.

Old TRON wallets have recently shown unusual activity after almost two years of dormancy, indicating renewed movement among long-term holders.

TRON SOPR Spikes to 4.74 in June

In early June, TRON's (TRX) Spent Output Profit Ratio (SOPR) reached 4.74, according to on-chain data shared by CryptoQuant. This level represents the highest SOPR reading for TRON in recent months. A SOPR value of 4.74 means the coins sold were priced at 4.74 times their initial acquisition cost.

At the time of this movement, TRX was trading at approximately $0.268. Based on the SOPR ratio, the average buy-in price for these coins would have been close to $0.0566. The last sustained trading activity around that price level was recorded in late 2022.

This suggests the coins originated from wallets that had not been active since that period. The analysis points to long-term holders or early investors who are now realizing substantial gains or shifting their assets.

Long-Term Holders Begin Realizing Profits

The substantial SOPR value implies a 374% profit on the spent coins, reinforcing the assumption that the movement came from early TRX holders. These wallets remained quiet for nearly two years, signaling strong conviction or strategic long-term positioning.

CryptoQuant’s on-chain analyst, @JA_Maartun, noted on X that such a high SOPR ratio strongly implies internal reallocation or a phase of profit realization. While some profit-taking activity has occurred before, this instance stands out due to the inactivity period and the extent of profits recorded.

The return of long-dormant wallets during this price level may be viewed as a technical or strategic action rather than random selling pressure.

Market Reaction and Transfer Possibilities

The market has yet to show any abrupt reaction, suggesting the movement could be internal transfers or strategic exits rather than speculative dumps. Blockchain data does not indicate whether these tokens were moved to exchanges, which often confirms selling intent.

Such wallet activity may also reflect internal reshuffling of funds, restructuring of positions, or preparing assets for staking, rather than market exits. No confirmations were made regarding the destination of these funds, keeping market participants alert.

The return of inactive TRON wallets adds a new layer to recent TRX on-chain trends.

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