🌎 TRON Whale Selloff Slows, TRX Price Consolidation Expected

Whales began taking profits over the weekend, but the bearish momentum seems to have cooled down. According to data from IntoTheBlock, the TRON (TRX) large holders’ net outflow declined from 141 million to 8.8 million TRX on Sept. 15. This on-chain indicator highlights a significant decrease in whale selloff activity.

Usually, declining whale activity also indicates lower price volatility. However, TRX exchange inflows have been consistently increasing. Between Sept. 13 and 15, the token’s exchange net flows shifted from an outflow of 140 million TRX to a net inflow of 37 million TRX.

This movement could suggest two scenarios. First, retail traders might be aiming at profits. Second, small TRX holders might be experiencing fear, uncertainty, and doubt (FUD) due to the market-wide correction after notable whale activity over the past three days.

TRX is up by 1% in the past 24 hours, trading at $0.148 at the time of writing. The asset’s market cap is $12.9 billion, with a daily trading volume of $250 million.

Profit-taking wouldn’t be surprising for TRX holders at this point. Data from IntoTheBlock indicates that over 94% of the TRON holders are in profit, while only 3.8%—who bought TRX at an average price of $0.156—are at a loss.

Most of the on-chain signals for TRX appear neutral, according to IntoTheBlock. Therefore, a price consolidation below $0.15 is expected unless this crucial psychological point is breached.