TRX gains 6% as TRON outperforms crypto market selloff after Binance incident
- —Only four of the 20 largest non-stablecoin coins gained: HYPE +13%, TRX +6%, XMR +2%, LEO marginally up
- —Bitcoin fell about 3%, dropping from around $80,800 to $78,800 in the hour after the first outflows
- —About $629 million in positions were liquidated in that hour, almost entirely longs
- —TRON is the second-largest stablecoin network with $93.6 billion, behind Ethereum's $140.7 billion
Why it matters: TRX demand is tied more to stablecoin payment flows than to speculative risk appetite, which makes it more resilient during market-wide shocks.
Source: CryptoTicker