99,397,872 Tron to Largest Crypto Exchange, Big TRX Sell-off Incoming?
Tron (TRX) has rebounded from a temporary setback, and its price climbed by over 3% in the last 24 hours. Within this same time frame, a Tron whale deposited over 99 million TRX on the Binance exchange, which has sparked speculation.
Tron whale activity sparks sell-off fears
According to Whale Alert, the unknown sender deposited 99,397,872 TRX in one transaction on Binance. The high-profile move could have occurred for several reasons, such as strategic repositioning or possibly selling the asset.
Generally, such a large transfer triggers sales speculation and could add to the ecosystem’s selling pressure.
