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TRX rises 6% amid $3.3B Binance hot wallet outflow, showing resilience in broad crypto sell-off

30 Oct 2026, 09:20 WIB
CryptoTicker
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Bearish
TRX rises 6% amid $3.3B Binance hot wallet outflow, showing resilience in broad crypto sell-off

On October 30, 2026, TRX (TRON) gained around 6% despite a major crypto market sell-off triggered by a $3.3 billion outflow from Binance's Ethereum hot wallets. This incident caused a broad market decline, with most large cryptocurrencies falling, but TRX's price held firm due to its role as a major stablecoin settlement network second only to Ethereum. Binance is investigating the outflow, while Tether and Circle froze $1.8 billion of stablecoins involved. The TRON network was not involved in the outflow, highlighting TRX's relative strength linked to payment flows rather than speculative trading. Investors should monitor Binance's investigation, the status of frozen stablecoins, and TRON's stablecoin supply growth for future price direction.

Despite the turmoil from a $3.3 billion outflow at Binance, TRX has shown resilience in the crypto market. On Pluang, TRX trades at Rp6.103 with a modest 0.88% gain as of October 30, 2026, 13:32 WIB. The market cap stands at Rp583,37 trillion, supported by a strong buy interest of 66% among Pluang users, who typically hold their TRX for about 76 days.

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