Tron [TRX]: Altcoin’s fall follows massive TRX movement between exchanges

Tron [TRX], which was among the market’s top-10 coins, slipped from its position weeks ago. However, it managed to pump and regain its tenth position two days ago. Alas, the token could not hold on to that place for long as Stellar Lumens [XLM] and Cardano [ADA] overtook it. It has since been speculated that there were attempts to pump the coin.

Whale Alert, which tracks large cryptocurrencies transactions, alerted the community about four such TRX transactions among Bittrex and Upbit exchanges. The four transactions amounted to 340 million TRX being transferred from Bittrex to Upbit.

The wallet address identified for Bittrex was TAahLbGTZk6YuCycii72datPQEtyC5x231, and Upbit’s wallet address was identified to be TDU1uJNxDND9zhzYjnn7ZunHj18jw7oAca. The hash for each individual transfers was,

  1. 4c01f279f96cf84be377165023a4d79324f2f08929a401d7931b89e378290bce
  2. 4ed3f9687fa6ffa277c8be4e1db2ca141edc5e81d36b41aee6c4b06cbbdabeda
  3. f49788491497bcece80e4e057984fd11e32192bb0f966ae54110f32ad68cced8
  4. f8bfe191dd6ceca0f88af76034de3607c940b5f6b3e85dbd20d7d44c2bbd4c5d

The TRX balance available in Upbit’s wallet was approximately 463 million, while Bittrex held a balance of 3.80 billion.

The crypt community responded to these alerts and one Twitter user, @cambrooks, said,

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