Tron below its pre-hack level: the attacker still holds 475 million TRX

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Tron trades below the level the price showed before the attack on Binance, and according to Elliptic the attacker still holds about 475 million TRX. What the overhang means for holders in Germany, which levels now matter, and why stablecoins can be frozen but TRX cannot.Add as a preferred source on GoogleFollow on Google NewsWhat is established: the TRX price stands at $0.3097 on November 1, below the level of about $0.33 that the market showed before the attack on Binance on October 29. In its version of October 31, the analytics firm Elliptic still attributes about 475 million TRX to the attacker. Our assessment follows further down: for the price, this known stash weighs more heavily than any level on the daily chart. The case is interesting for holders in Germany because, unusually, it is known who is selling and how much is left. In most price moves the other side remains anonymous. On the Tron blockchain, by contrast, the stash can be followed address by address....