Recent on-chain data indicates that the number of long-term holders on the Tron network has surged by 237% over the last year, reflecting a growing commitment to HODLing amongst its users.
Tron HODLers Experience Notable Growth
A recent update shared by IntoTheBlock on X highlights the current distribution of addresses among various segments of the Tron userbase.
The userbase is categorized by holding duration into three primary groups: Traders, cruisers, and HODLers. The first group, Traders, consists of individuals or addresses that have purchased their coins within the last month.
Thus, many members of this category are likely newcomers to the market. Others may be short-term traders or individuals who lack the conviction to hold assets long-term.
The second category, Cruisers, includes investors who have held onto their coins for over a month but haven’t yet reached the one-year mark. This group features a mix of both indecisive and steadfast investors.
Those who successfully navigate the holding period beyond 12 months are elevated to HODLers, or long-term holders. Statistically, the longer an investor retains their coins, the less likely they are to sell, making TRX addresses in this category the most tenacious in the market.
Below is a chart illustrating the distribution of Tron addresses across these three classifications:
The growth of HODLers has been particularly pronounced in recent years | Source: IntoTheBlock on X
The chart above demonstrates that the number of Tron HODLers has increased significantly over the past couple of years. Previously, HODLers lagged behind Cruisers, but last year marked a turning point with HODLers gaining a substantial lead.
In the last year alone, HODLers have grown by approximately 237%, bringing their total address count to nearly 90 million, while the number of Cruisers remains below 50 million.
Regarding Traders, their count stands at around 8 million addresses, indicating that a significant majority of TRX investors have held their coins for at least a month.
This shift towards HODLing suggests a growing confidence among investors about retaining their Tron assets for the long term, which could have positive implications for the price.
TRX Price Overview
Despite the broader cryptocurrency market showing substantial positive returns in the past week, Tron has experienced relatively stable movement, with its price hovering around $0.152.
The chart below illustrates TRX’s price performance over the previous month.
The coin's price appears to have been stuck in a consolidation phase recently | Source: TRXUSDT on TradingView
Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
