📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
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TRON (TRX) stands strong amidst a $1.4 billion sell-off.
TRON (TRX) recorded a significant real profit increase on Tuesday after investors took profit of over 1.4 billion dollars. Despite strong profit-taking activity, this altcoin still held its stability as it attempted to break through the resistance level of 0.33 dollars.
TRX holds steady despite strong selling activity
TRX recorded the largest take profit among large-cap coins on Tuesday. According to data from Glassnode, investors took profit of over 1.4 billion dollars. This is the second highest take profit event in 2025.
"This is the longest take profit wave of TRON in many months," analysts from Glassnode noted on Tuesday.
Most of the real profits come from holders who bought TRX in the past 3 to 5 years. Currently, the spending output profit ratio (SOPR) of TRON remains above 1, indicating that this group is selling after achieving significant profits. SOPR is an index that reflects market sentiment by determining whether investors are selling coins at a profit or a loss.
OI is the total value of contracts currently existing in the derivatives market.
However, these traders may start to gradually reduce their positions as the counter tariffs of US President Donald Trump are expected to take effect on Thursday. The new tariffs will apply to about 68 countries, including Brazil, India, and the European Union (EU). The tariffs will range from 10% for countries with trade surpluses to a maximum of 50% for countries like Brazil.
After dropping from the yearly high of 0.35 dollars last week, TRX is showing signs of recovery, testing the resistance level of 0.33 dollars despite strong take profit activity.
The Relative Strength Index )RSI( and Stochastic Oscillator )Stoch( are both above neutral levels, indicating that bullish momentum is prevailing.
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