Tron Price Falls Below Pre-Hack Level: Binance Attacker Still Holds 475 Million TRX

Tron has given back everything the Binance hack added and more. TRX traded at $0.302 late on Saturday, 31 October 2026, down 8.3 percent in 24 hours according to CoinMarketCap at 23:23 UTC. That is below the $0.331 the coin cost before the attack on 29 October and the lowest price since March. Since the hack began, TRX has lost more than any other large coin. The reason sits on the Tron blockchain: the attacker still holds around 475 million TRX that no issuer can freeze, and has been selling them in small slices around the clock.

Tron after the Binance hack: the key facts

• Price: $0.302 on 31 October, 23:23 UTC, minus 8.3 percent in 24 hours and minus 8.2 percent over seven days (CoinMarketCap).
• Since the hack: TRX minus 8.8 percent from 29 October, 20:00 UTC, against minus 4.1 percent for Bitcoin and minus 3.5 percent for Ether (CoinGecko, hourly prices).
• The stash: about 475 million TRX still with the attacker, worth roughly $143 million at today's price (Elliptic, as of 31 October, 05:00 UTC).
• The pattern: 546 transfers out of the main laundering wallet in 27 hours, one every 96 seconds on median.
• The attacker's entry: $0.367 per TRX, so the stash is now 18 percent under water.
• Wall Street: Tron Inc., the Nasdaq-listed company that holds TRX on its balance sheet, fell 6.3 percent on Friday, the first trading session after the hack.

On 29 October TRX was one of the few large coins that rose while the market fell. We explained that move in TRX gains 6 percent: TRON outperforms the market. Two days later the picture has turned around completely, and the chart shows why.

TRX at $0.302: the price after the Binance hack in numbers

Before the attack, TRX traded flat at around $0.331 for days. Within two hours of the first outflows from Binance at 20:05 UTC on 29 October, the price jumped to $0.362, its high for the week. Since then it has fallen almost without pause: $0.337 on Friday morning, $0.321 on Saturday morning, $0.302 on Saturday night. From the post-hack high, TRX has lost 16.5 percent.

The market value of TRX now stands at $28.7 billion, still rank 8 among all cryptocurrencies. Trading volume over 24 hours was $1.44 billion, down from more than $2 billion on Friday. A falling price on falling volume usually means that there are few buyers left, not that panic selling is growing. The last time TRX closed at this level was on 17 March 2026; the low of the past twelve months was $0.269 on 6 February.

475 million TRX with the attacker: what Elliptic sees on the Tron blockchain

The blockchain analytics firm Elliptic has followed the stolen funds since the night of the hack. In its update from 31 October, 05:00 UTC, it describes the Tron part of the loot in detail. On SunSwap, the largest exchange on Tron, the attacker swapped 234 million USDT for 638 million TRX. The motive is simple: Tether can freeze USDT at a single address, nobody can freeze TRX. A network token like TRX is created by the protocol itself, there is no company behind it with a function to block someone's balance.

On the morning of 30 October the 638 million TRX were split across five fresh addresses. Two of them have since sent their coins to a single wallet, and that wallet does the selling: small amounts of TRX into USDT, then on through swap services and cross-chain bridges, mostly into Ether. Elliptic counts 546 outgoing transfers between 02:00 UTC on 30 October and 04:48 UTC on 31 October, with a median gap of 96 seconds. That is not a panic sale. It is a machine that feeds the market a little at a time, day and night.

According to Elliptic, between $38 million and $67 million worth of TRX has left the traced addresses so far, and around 475 million TRX remain with the attacker. The figures do not fully add up, Elliptic does not reconcile them itself, but they show the direction: most of the stash has not been sold yet. The full picture of the theft, including the attribution to North Korea's TraderTraitor group, is in our analysis of the North Korea trail.

Why the market discounts ten times the stash

Here is the calculation that matters for holders. At $0.302, the 475 million TRX are worth about $143 million. That is roughly one tenth of a single day's trading volume in TRX and about 0.5 percent of all coins in circulation. Large, but not overwhelming.

The price has fallen much further than that. Since 29 October, 20:00 UTC, TRX is down 8.8 percent, Bitcoin 4.1 percent. The difference of 4.7 percentage points is the part of the decline that the general market does not explain. On a market value of $31.5 billion at the time of the hack, that is about $1.5 billion of lost value, ten times the stash itself.

Two things explain the gap. First, the market does not know how fast the remaining 475 million TRX will arrive, and it prices the worst case: a seller that has shown it will sell at any price. It bought at $0.367 and is selling 18 percent lower. Second, the hack has hit the coins around Binance in general. BNB, the exchange's own token, is the second weakest coin of the six with minus 5.6 percent. XRP, where Elliptic also counts 233 million coins beyond any freeze, held up best with minus 2.4 percent. A stash alone does not decide the price, but on Tron it meets a market that had pushed TRX up on the very same flows two days earlier.

Wall Street, Bitcoin and Binance: what the other markets say about TRX

Markets at a glance: Bitcoin $77,406 (plus 0.6 percent in 24 hours), Ether $2,252 (plus 0.7 percent), CoinMarketCap, 31 October, 23:23 UTC. Nasdaq Composite 25,437 (minus 2.86 percent), S&P 500 7,580 (minus 1.82 percent), gold $3,898.90 per ounce (minus 3.3 percent), VIX 19.4, Yahoo Finance closing prices of Friday, 30 October.

The weekend shows how isolated the TRX slide is. Bitcoin and Ether stabilised on Saturday after a week in which US stocks had their worst day since June; how closely the two worlds now move together is explained in our analysis of why US stocks swing like meme tokens. TRX fell on a calm day for the rest of the market. That points to the coin's own seller, not to a new wave of fear.

There is also a direct line to Wall Street. Tron Inc., listed on the Nasdaq under the ticker TRON, holds TRX as its main treasury asset. Its share closed Friday at $1.275, down 6.3 percent in the first session after the hack. When US trading resumes on Monday, 2 November, the share will price in the weekend's TRX decline, and on Tuesday the US midterm elections follow, the next big date for both markets.

The third factor is Binance itself. At 23:21 UTC on Saturday, Binance's public wallet configuration still showed withdrawals for Bitcoin, Ether, TRX and the major stablecoins as "undergoing maintenance". On 30 October at 04:36 UTC Binance had written on X that it expects to resume withdrawals within 48 hours, which points to early Sunday, 1 November. Coins that are stuck on the exchange cannot be sold elsewhere. When withdrawals reopen, some holders may move or sell, and that can add pressure across all large coins for a few hours. How the night of the hack unfolded is documented in our timeline of the crypto crash.

TRX levels to watch: $0.30, $0.295 and $0.331

On the downside, $0.30 is the first mark. It is a round number that many orders cluster around, and the price is sitting right on it. Below that, $0.295 was the closing price of 17 March 2026, the last time TRX traded this low. The twelve-month low of $0.269 from 6 February is a long way off.

On the upside, $0.331 is the level that matters: the price before the hack. As long as TRX trades below it, the market treats the stash as unresolved. A return above $0.331 would mean that buyers absorb the slices faster than the attacker sells them. Our longer view on the coin, with scenarios for the coming years, is in the Tron price prediction.

What TRX holders can do now

Nobody's TRX balance is frozen or at risk because of the hack. Only addresses that forensic firms link to the attacker are watched, and only stablecoins like USDT can be blocked by their issuer. The question for holders is not safety but price: a known seller with a large stash is a burden that can last for weeks.

Three practical points follow from that. First, a decision to sell or hold should not be made in the hours when Binance reopens withdrawals, because that is when the market is thinnest and most nervous. Second, anyone who wants to keep TRX regardless of the price can hold it in their own wallet, outside any exchange; our hardware wallet comparison shows which devices support TRX. Third, anyone who trades should check whether their platform is licensed under the EU's MiCA rules, as listed in our comparison of regulated crypto exchanges: the licence does not protect against price losses, but it decides which rights a customer has if an exchange is attacked.