Binance warns Tron (TRX) founder Ahead Of Sui airdrop via LaunchPool

On May 1, 2023

Changpeng Zhao ordered Justin Sun to remain away from the Binance LaunchPool Sui token.

Sui is a delegated proof of stake (DPoS) layer 1 blockchain based on the Move programming language. Sui utilizes the parallel data model and execution engine to improve execution efficiency. Sui token, a native token on this blockchain network, is ready to land on the Binance crypto exchange via LaunchPool.

Binance warns Tron (TRX) founder Ahead Of Sui airdrop via LaunchPool 1

On 1 May 2023, A Whale crypto activity tracker reported that Tron (TRX) founder Justin Sun transferred 56,100,000 #TUSD (56,444,454 USD) to the Binance crypto exchange.

🚨 🚨 🚨 56,100,000 #TUSD (56,444,454 USD) transferred from Justin Sun to #Binance https://t.co/OWFJNQ3oXO
— Whale Alert (@whale_alert) May 1, 2023

Many people claimed that the Tron founder will participate in the Sui token LaunchPool to make easy money.

Binance CEO Changpeng Zhao (CZ) noted this big transaction movement and warned Justin to remain away from this token launch.

Michael Saylor suggests Amazon founder Jeff Bezos to…

Dec 23, 2024

Tether ($USDT) expects a $10 billion net profit! Is…

Dec 23, 2024

Ex-BinanceUS CEO joins MicroStrategy; Saylor…

Dec 23, 2024

CZ explained that Binance LaunchPool is only made to launch tokens & distribute new tokens among retail customers as a part of promotional stunt, not for whales.

Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will "take action against it". SMH.

Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.

On the bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd
— CZ 🔶 Binance (@cz_binance) May 1, 2023

Justin Sun also confirmed that he mistakenly participated in the Exchange’s promotional campaign but now all the funds have been refunded to the exchange, following a conversation between his team & Binance team.

Regrettably, some of our team members were not fully aware of the intended purpose for these funds and inadvertently used a portion of them to participate in exchange campaigns. Upon realizing this error, we immediately contacted the exchange team and arranged for a full refund…
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 1, 2023

It is worth noting that many crypto Twitter users alleged that Justin is playing a big game easily and surely in the future, he can try to participate in such kind of crypto token airdrop programs to make money anonymously.

Over the last 24 hours’ trade price, the current trade price of the Sui token is 14.7% high. Right now, the crypto investors seem highly crazy with this token launch on the Binance exchange.