TRON price faces Binance-linked selling risk despite strong network activity

The TRON price was 0.318662 USD at 13:20:51 Berlin time on November 2, 2026, according to Investing.com. Compared with TRON's verified November 1 UTC close of 0.312977 USD on CoinGecko, the token was up 1.82%. The comparison uses the UTC daily close rather than a rolling 24-hour change.

Binance-linked selling risk remains

Short-term attention is focused on assets connected to the October 29 Binance wallet breach. Invezz, citing TRM Labs and Bitquery, reported that attackers took 612.7 million USDT and 46.4 million TRX from a Binance hot wallet on TRON. Bitquery said 234 million USDT was exchanged for TRX through SunSwap. Tether froze 378.7 million USDT in two attacker wallets, while the report said the TRX itself could not be frozen by a central issuer.

That flow creates an identifiable supply-side overhang, but it does not by itself establish the next direction of the token. Invezz reported that wallets associated with the stolen funds had already moved and sold portions of the position, while a larger balance remained under observation. The immediate investor question is therefore whether further sales reach the market, rather than whether the network's underlying settlement activity has changed.

Network use offers a counterweight

TRON's third-quarter operating data point to continued use in stablecoin settlement. A GlobeNewswire release carrying a TRON DAO update said Nansen measured 2.21 trillion USD in stablecoin settlement during the third quarter, with average daily settlement of 24.05 billion USD. The same release said rolling monthly active addresses increased 9.8% quarter over quarter to 18 million, while the network processed an average of 11.68 million successful transactions per day. These figures describe network activity, not a guaranteed valuation for TRX.

Protocol change on the calendar

TRON Proposal 108 was scheduled to take effect on November 2 at 12:00 GMT if approved by the network's super representatives, according to Invezz. The proposal concerns smart-contract storage parameters. Its implementation could provide a near-term protocol event, while the Binance-linked wallet activity remains the more immediate market risk.

For investors, the TRON price combines a liquid token market with exposure to network usage and event-driven flows. The current quote, market capitalization of 30.38 billion USD, 24-hour volume of 919.27 million USD and rank of eight were displayed by Investing.com. Further volatility can occur if the identified wallet balances move, even as stablecoin settlement metrics remain strong. More TRON coverage is available on the TRON topic page.