TRX isn’t falling because of its fundamentals, but because of the hackers’ stash.
638 million TRX are sitting in the attackers’ wallets, bought at an average price of $0.367. The current price is $0.305, down 7% in 24 hours—the steepest drop among major coins.
Only 8.9 million have been sold; most of the stash remains untouched. Until it’s all cleared, the threat will keep hanging over the market.
638 million TRX are sitting in the attackers’ wallets, bought at an average price of $0.367. The current price is $0.305, down 7% in 24 hours—the steepest drop among major coins.
Only 8.9 million have been sold; most of the stash remains untouched. Until it’s all cleared, the threat will keep hanging over the market.