In the grand theater of the crypto cosmos, where panic and despair pirouette like a tragic ballet, two unlikely protagonists, TRON (TRX) and Ripple’s XRP, emerge as the comical jesters, defying the tempestuous tides of market turmoil.
According to the oracle of blockchain analytics, Glassnode, a staggering 80% of their circulating supply remains ensconced in the warm embrace of profit, even as the rest of the digital realm succumbs to the double-digit declines that echo through the valleys of despair.
TRX and XRP: The Unfazed Duo
The global financial stage has been besieged by the heavy hand of escalating tensions, a veritable soap opera of trade wars and tariff-induced chaos. In a single month, over $500 billion has been swept away, like autumn leaves in a tempest, with half of that vanishing in a mere 24 hours—talk about a dramatic exit!
As Bitcoin (BTC) plummets to the depths of around $74,000 and Ethereum (ETH) dives below the psychological cliffs, TRX and XRP stand firm, like two stoic statues in a storm. Glassnode reveals that 84.6% of TRON’s circulating supply remains in the green, a mere 5.6 percentage points shy of its year-to-date glory. XRP, not far behind, boasts 81.6% of its supply still basking in the sunlight of profit, despite a more substantial drop of 10.4 points since the year’s dawn.
In stark contrast, Ethereum and Solana (SOL) find themselves in a quagmire, with only 44.9% and 31.6% of their supplies still afloat, leaving the majority of their holders gasping for air beneath the waves of loss.
After a $200 million unlock and a whale-sized sell-off, SOL’s price has plummeted from dizzying heights of nearly $290 to a mere $101. Analysts, with their crystal balls, predict a potential plunge to $60, yet the token has managed to regain a smidgen of its former glory, adding a paltry 3% in the last 24 hours to trade at $109.
Meanwhile, Ethereum, the once-mighty titan, has suffered its worst start to a year, with losses stacking up like dirty laundry in the first three months of 2025. Currently, it languishes at about $1,557, nearly 17% below its price from just a week ago—oh, the irony!
BTC, TON, and ONDO: The Middle Grounders
Glassnode’s revelations also unveil a middle ground occupied by the heavyweights of the crypto arena, including Bitcoin, Toncoin (TON), and Ondo (ONDO). BTC, the market’s bellwether, still boasts 76.8% of its supply in profit, despite an 11.9 percentage point drop this year. TON clings to a marginally lower 76.7% above water, while the newcomer ONDO shows 74.3% of its supply in the green, albeit down over 22 percentage points—what a rollercoaster ride!
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2025-04-09 22:25