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Whales started taking profits over the weekend, but the bearish momentum seems to have cooled down. 
According to data provided by IntoTheBlock, the TRON (<a href="https://crypto.news/price/tron/" target="_blank">TRX</a>) large holders’ net outflow declined from 141 million to 8.8 million TRX on Sept. 15. The on-chain indicator shows that the asset’s whale selloff has significantly declined. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/09/ITB_trx_large_holders_netflow_tron_2024-09-16T07_51_45.383Z.png" alt="TRX whale selloff cools down amid market correction - 19" class="wp-image-14298020">
 <figcaption class="wp-element-caption">
 TRX price and whale net flows – Sept. 16 | Source: <a href="https://app.intotheblock.com/coin/TRX/quick-view" target="_blank" rel="nofollow">IntoTheBlock</a>
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</figure> 
Usually, declining whale activity would also mean lower price volatility. 
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On the other hand, the TRX exchange inflows have been constantly increasing. The token’s exchange net flows shifted from an outflow of 140 million TRX to a net inflow of 37 million TRX between Sept. 13 and 15.&nbsp; 
The movement could mean two things. First, retail traders might be aiming at profits. Second, small TRX holders might be wandering FUD due to the market-wide correction after a high amount of whale activity was seen over the past three days. 
TRX is up by 1% in the past 24 hours and is trading at $0.148 at the time of writing. The asset’s market cap is sitting at $12.9 billion with a daily <a href="https://crypto.news/glossary/volume-in-crypto-trading/" target="_blank">trading volume</a> of $250 million. 
Profit-taking wouldn’t be surprising for TRX holders at this point. Data from ITB shows that over 94% of the <a href="https://crypto.news/tron-revenue-surged-46-closing-the-gap-with-ethereum/" target="_blank">TRON</a> holders are in profit and only 3.8%, that bought TRX at an average price of $0.156, are at a loss. 
Per ITB, most of the on-chain signals are looking neutral for TRX. Consequently, a price consolidation below $0.15 would be expected unless this crucial psychological point is breached. 
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TRX whale selloff cools down amid market correction

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