Investors in the top five digital assets by market capitalization have made nearly $2.8 billion in profits over the past month by holding onto their investments for more than 1 month, according to data from Glassnode.
Glassnode’s data indicates that there has been significant profit-taking in the crypto market, particularly in Bitcoin, Ethereum, Solana, XRP, and Tron, as traders look to secure gains from recent market strength.
Bitcoin Dominates Profit Realization
Bitcoin has been the primary driver of profit-taking among these digital assets, with over 50% of the total profits coming from Bitcoin holders.
On July 18, Bitcoin investors who held the asset for more than a month cashed out over $1.5 billion in profits, marking the largest single profit withdrawal since December 2024.
Interestingly, this profit-taking surge coincided with Bitcoin’s price surpassing $119,000, providing investors with an attractive opportunity to lock in profits while market sentiment remained positive.
Similarly, Ethereum, the second-largest digital asset by market capitalization, experienced a similar trend.
On August 16, long-term ETH holders realized approximately $575 million in profits, the largest profit event for the token in this cycle.
This wave of selling has contributed to an 11% decrease in Ethereum’s price over the past week, bringing it down to $4,177.
XRP Leads Profit-Taking Among Major Altcoins
Other major cryptocurrencies have also seen significant profit-taking events in the past month.
Solana investors made over $105 million in profits on August 17, the most significant withdrawal since the early 2025 price surge above $200.
XRP holders followed suit, cashing out approximately $375 million on July 24, indicating a distribution pattern similar to the rally in December 2024 sparked by Donald Trump’s election victory.
Additionally, investors in the Tron network, linked to Justin Sun, realized a record profit of $230 million on August 6, the highest in the network’s history.
