Tron Faces Sell-Off Concerns After Whale Transfers 99M TRX to Binance

A large whale transaction has triggered concerns of a potential sell-off in Tron (TRX) as the cryptocurrency approached a new all-time high. According to data from Whale Alert, an anonymous wallet sent 99.397 million TRX to Binance in a single move, causing a ripple effect through the market. This transfer occurred within the past 24 hours, coinciding with a price surge of 3.72%, resulting in a price jump to $0.2727. Despite the price increase, trading volume dwindled significantly, dropping by 26.82% to just $678.96 million.