Binance TRC-20 USDT Surges to ₱302.03 billion ($5.2 billion) in Two Months
CryptoQuant analyst CryptoOnchain links a dramatic surge in Binance's TRC-20 USDT reserves to retail investors buying the dip, with the stablecoin favored for lower transaction fees on the Tron blockchain.
CryptoQuant analyst CryptoOnchain revealed a dramatic surge in TRC-20 USDT balances on Binance over the past two months. The exchange held just ₱22.36 billion ($385 million) in TRC-20 USDT on December 24, but that figure rocketed to ₱302.03 billion ($5.2 billion) by February 21—a ₱278.8 billion ($4.8 billion) increase.
CryptoOnchain said the increase in TRC-20 reserves may indicate stronger retail engagement during the correction. TRC-20 USDT, which runs on the Tron blockchain, is typically favored by retail traders because of lower transaction fees compared to the ERC-20 version used by institutional players.
The timing lines up with Bitcoin's push back above $70,000 over the past few days. Bitcoin traded at $67,971 at the time of CryptoOnchain's analysis, still within striking distance of that psychological threshold.
The pattern suggests retail traders moved stablecoins onto Binance during the price dip, positioning themselves to buy Bitcoin and other cryptocurrencies at lower levels. TRC-20 adoption has long been a telltale sign of retail activity rather than institutional flows, which tend to stick with Ethereum-based stablecoins, with reserves reaching $5.2 billion by February 21.
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