TRON Price Prediction: TRX Drops 6% as $628 Million Binance Hack Fallout Reverses Rally

Key takeaways TRON drops roughly 6% toward $0. 32 support Hackers moved $628 million through TRON network TRX reverses rally as traders reassess selling pressure TRON (TRX) fell approximately 6% on October 31, retreating toward $0. 32 after a sharp rally linked to unusual on-chain activity surrounding Binance's record-breaking $6.

3 billion security breach. Binance Hack Sends $628 Million Through TRON The latest volatility follows an investigation into the October 29 Binance breach, during which attackers transferred assets across ten blockchain networks. According to TRM Labs' investigation, approximately $628 million moved from Binance-controlled wallets through TRON, including 612.

7 million USDT and 46. 4 million TRX. The distinction matters because most of the stolen value consisted of stablecoins, not TRX.

Investigators subsequently identified approximately $234 million in stolen USDT exchanged for around 638 million TRX before Tether froze affected addresses. Those conversions created substantial buying activity in TRX even as other major cryptocurrencies were declining. However, the resulting demand was associated with suspected laundering activity rather than evidence of ordinary investor accumulation.

Coinpaper's earlier Binance hack report detailed the attack and the exchange's efforts to freeze approximately $3 billion in affected assets. Further blockchain investigations also revealed that the operation began with a $296 million XRP theft after at least 36 hours of preparation. For TRON traders, the concern is whether attacker-controlled TRX could eventually return to trading venues, creating additional selling pressure.

TRON Price Prediction: Can TRX Hold $0. 32? TRX's latest decline has erased much of its October 29 rally, when the cryptocurrency briefly climbed above $0.

36. Market data showed the token falling toward $0. 317–$0.

32 on October 31, leaving it near the lower boundary of its recent trading range. The immediate level to monitor is $0. 32.

A sustained decline below that area could expose $0. 31, followed by the psychological $0. 30 threshold.

However, these are conditional technical scenarios rather than confirmed analyst targets. On the upside, TRX would need to reclaim approximately $0. 33 to begin rebuilding momentum.

A stronger recovery above $0. 34 could reopen the $0. 35 region, while the previous rally high near $0.

36 represents a more demanding resistance level. Recent derivatives data adds another complication. Market tracking indicated negative perpetual futures funding alongside rising open interest, suggesting traders were increasingly positioning for volatility.

Negative funding can reflect bearish positioning, but it does not guarantee further declines. A sudden recovery could force short sellers to close positions. TRON's $94 Billion Stablecoin Network Faces a New Test Despite the price decline, TRON remains one of the cryptocurrency industry's largest stablecoin settlement networks.

Coinpaper previously reported that Polygon integrated TRON into its Open Money Stack, connecting more than $94 billion in network-based USDT to banking and payment infrastructure. CoinDesk Research separately reported that TRON's stablecoin supply reached approximately $92. 7 billion during the third quarter, alongside $82.

7 million in network fees. Those figures highlight the difference between TRON's established payments business and short-term volatility in its native cryptocurrency. However, growing network activity does not eliminate the risk of substantial token selling during a security-related market disruption.

The wider Bitcoin selloff has also reduced appetite for speculative cryptocurrency positions.