Trdot Wallet Community Members in Uproar After 99% Drop in Address Balance in Two Days

The balance of a wallet is usually only a concern for the public with major increases or decreases. Trdot Wallet recently was a topic of interest for researchers, who showed that the balance dropped by 99% within less than 48 hours. On the 13th of February, the balanced reached $775 million in TRX.

On November 16th, 2018, the Trdot Wallet was launched as a crypto wallet that proclaimed to be both “supported” and “created” by Tron.

With this connection, part of the LongHash research addressed the correlation between the price of TRX and the wallet balance, focusing on the data from the launch of the wallet to February this year.

In the graph above, the researched showed that the 1.2 billion TRX max capacity was reached on February 4th, dropping quickly to 700 million TRX. LongHash brought attention to a specific wallet with a substantial amount of TRX, which they believe to be the location of the investors’ money.

The balances predominantly started to dwindle after March 18th, going from 685 million TRX to 2 million TRX in two days, which is approximately $15 million withdrawn, based on the current price of TRX.

The analysis dove even further, showing that the withdrawn 2 million in TRX went into 10 wallets, while all but one wallet held 68 million TRX.

So far, the only real link between Tron and Trdot is just the detail available on the Twitter handle for Trdot. There have even been community members on Twitter that have jumped in and questioned if Trdot is a scam.

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