Tron (TRX) is witnessing a bullish rally. A total of 98.44% of its addresses are currently in profit, reflecting a strong market outlook. According to IntoTheBlock data, Tron has signaled high investor confidence and positive sentiment in the last 24 hours.

Tron's profitable holders reflect strong market confidence

Notably, Tron holders are currently benefiting from the coin’s price performance. A total of 76.48 billion TRX valued at $21.17 billion are currently "in profit," with no holder at a loss. Meanwhile, 1.56% of Tron addresses holding 8.54 billion TRX worth $2.3 billion are "at the money."

This represents a strong bullish indicator, as nearly all investors in Tron who purchased the asset are raking in gains. Historical analysis shows that when an asset hits over 95% profitability, the positive sentiment could drive further growth.

A catalyst that might see this happen for Tron is that even recent buyers are in profit, as no address is "out of the money" in the time under consideration.  

However, high profitability could trigger sell pressure, especially from short-term holders looking to take profit. If this happens, Tron will likely see a pullback or experience volatility.

As of press time, TRX is exchanging at $0.2782, representing a 2.75% increase in the last 24 hours. Investors are busy with transactions as trading volume surged by 59.57% to $1.25 billion.

FOMO and momentum could drive TRX to ATH

The current bullish signal in the Tron ecosystem has been building gradually as market participants shifted toward the asset. As U.Today reported, Tron recently edged out Ethereum in stablecoin volume.

The development marked a shift in stablecoin activity as liquidity moved away from Ethereum to Tron. The increased adoption is likely one of the price catalysts playing out on the market now.

Interestingly, Justin Sun, Tron's founder, predicted in mid-April that TRX could hit an all-time high (ATH) before the end of June.

Tron is about 37.22% away from hitting its previous ATH of $0.4407, set in December 2024. The current price trajectory and ecosystem sentiment could support TRX in closing the gap. Additionally, fear of missing out (FOMO) could attract new investors, speeding up further price increases.