As a seasoned researcher with a keen eye for market trends and a heart full of crypto-enthusiasm, I can’t help but feel a sense of intrigue when observing the surge in Tron long-term holders. The 237% increase in HODLers over the past year is nothing short of impressive, especially considering the notoriously volatile nature of the cryptocurrency market.
Over the course of the last year, there’s been a 237% surge in long-term Tron investors, indicating a stronger belief among network users to hold onto their assets for the long haul.
Tron HODLers Have Seen Their Count Go Up Recently
On their latest blog post at X, IntoTheBlock’s market intelligence team has provided insights into the current distribution of Tron users based on the count of addresses within each segment.
The groups under scrutiny have been categorized according to how long they’ve held their assets, and there are three primary categories: Investors known as Traders, Cruisers, and HODLers. Among these, Traders represent individuals who bought their coins during the last month.
A significant number of individuals within this group might be first-timers venturing into the market. Additionally, a portion of them may focus on brief-term trading or possess insufficient confidence for long-term investments.
The second category, known as the Cruisers, consists of investors who have been invested for more than a month, but less than a year. This group is diverse, including both those with fluctuating investment strategies and those with steadfast commitment.
Individuals who successfully pass the test and continue for more than a year are elevated as long-term investors or HODLers. In terms of statistical analysis, the longer an investor holds onto their coins, the less inclined they tend to be to sell at any given point. Consequently, TRX addresses within this timeframe would represent the most resilient and steadfast hands in the market.
Now, here is a chart that shows the distribution of the Tron addresses across these three groups:
According to the graph, the number of Tron holders has significantly increased over the past few years. Previously, there were more Cruiser holders compared to Tron, but this trend reversed last year, with Tron holders now leading comfortably.
Over the past year, there’s been a significant increase in the number of HODLers, growing approximately 237%. This surge has brought their total count of unique addresses close to 90 million. On the other hand, the number of cruisers remains lower than that, with less than 50 million.
Regarding the traders, it’s important to note that there are only about 8 million unique wallet addresses involved, indicating that the vast majority of Tron (TRX) investors have held onto their tokens for a minimum of one month.
This change in strategy toward holding onto Tron indicates that investors are growing increasingly optimistic about keeping their Tron for the long term. This increased confidence might potentially drive up the price, suggesting a bullish outlook.
TRX Price
Over the past week, while many sectors within the cryptocurrency market have seen substantial gains, Tron’s price has remained relatively stable, hovering near the $0.152 mark.
The below chart shows what TRX’s trajectory has looked like over the past month.
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2024-09-13 15:41