FeesSafety
Pluang+

TRX price falls 8.3% after Binance hack as attacker sells 475M TRX, pressuring market.

Market News
01 Nov 2026, 02:36 WIB
CryptoTicker
View Source
Bearish
TRX price falls 8.3% after Binance hack as attacker sells 475M TRX, pressuring market.

Following the Binance hack on October 29, 2026, TRX price dropped to $0.302, down 8.3% in 24 hours, below its pre-hack level of $0.331. The attacker still holds about 475 million TRX, worth roughly $143 million, and has been steadily selling small amounts, causing continuous downward pressure. This stash represents about 0.5% of all TRX in circulation, but the market has discounted a much larger loss due to uncertainty about the selling pace. TRX's parent company, Tron Inc., also saw its Nasdaq shares fall 6.3%. Investors are advised to be cautious around Binance's withdrawal resumption and consider holding TRX in private wallets to avoid exchange risks.

The recent Binance hack has clearly unsettled TRX holders, as seen in the ongoing sell pressure on the token. On Pluang, TRX trades at Rp5.530 with a 7.63% drop over the past day as of Nov 01, 2026 06:51 WIB. Market activity shows a strong sell bias with 81% of orders to sell and a typical hold time of 76 days, indicating cautious sentiment among investors.

More News (TRX)

Bitcoin rises 0.8% to $77,566 despite overall crypto market cap drop to $2.63T.

Bitcoin rises 0.8% to $77,566 despite overall crypto market cap drop to $2.63T.

Bitcoin increased by 0.80% to $77,566 on October 31, while the total cryptocurrency market capitalization declined by 2.05% to $2.63 trillion. Other major cryptocurrencies like Ether, BNB, Solana, Dogecoin, and XRP saw modest gains under 1%. Morpho l...

Neutral
6 hours ago
Stacks (STX) leads crypto gainers with 15.71% rise as most top cryptocurrencies advance.

Stacks (STX) leads crypto gainers with 15.71% rise as most top cryptocurrencies advance.

Stacks (STX) surged 15.71% to $0.328, leading gains among the top 90 cryptocurrencies by market cap on October 31. A total of 57 out of 90 major non-stablecoin assets rose, including Morpho (MORPHO) up 15.39% and Lighter (LIT) up 11%. Meanwhile, some...

Bullish
7 hours ago
Exploiters of $6.4B Binance hack use Tron DeFi to evade stablecoin freezes.

Exploiters of $6.4B Binance hack use Tron DeFi to evade stablecoin freezes.

Chainalysis reports that those behind the $6.4 billion Binance hack are moving stolen funds through Tron-based decentralized finance (DeFi) protocols. They swap TRX tokens for stablecoins on Tron and then deposit these into DeFi platforms to avoid fr...

Market News
Bearish
12 hours ago
TRON drops 6% after $628M Binance hack funds flow triggers sell-off fears

TRON drops 6% after $628M Binance hack funds flow triggers sell-off fears

TRON's native token TRX fell about 6% to near $0.32 following a major Binance hack where $628 million moved through the TRON network, mostly in stablecoins. The hack caused unusual on-chain activity and a reversal of TRX's recent rally, raising conce...

Market News
Bearish
15 hours ago
Bitway tumbles 19.26%, largest drop among top 90 cryptocurrencies in 24 hours

Bitway tumbles 19.26%, largest drop among top 90 cryptocurrencies in 24 hours

Bitway's price fell sharply by 19.26% to $1.18, marking the biggest 24-hour decline among the 90 largest cryptocurrencies excluding stablecoins. Other notable moves include LayerZero gaining 8.83% and TRON dropping 6.09%. Bitcoin and Ether showed min...

Market News
Neutral
23 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App