TRON Founder Justin Sun has been transferring a total of 115.1 million of TUSD to Binance for a grab attempt on Sui Token launch. C onsequentlyTUSD price is moving and it's no more traded at 1,00 USD.

According to on-chain data provider "WhaleAlert", TRON founder Justin Sun is on the move. According to the data, Sun has been transferring a significant amount of True USD to Binance in order to attempt a grab on SUI token in Binance launchpad.

In two separate transactions on May 1, Sun transferred a total of 115.1 million TUSD to Binance. The first transfer took place at 08:57:54 on May 1, with Sun sending 59 million TUSD to Binance. Just 14 minutes later, at 09:11:36, Sun sent another TUSD 56.1 million to the exchange.

First transaction

Second transaction

Now, this is the CZ's answer: https://twitter.com/cz_binance/status/1652949031524376579?s=20

Screenshot from Twitter

​

Another consequence of this is that the price of TUSD is moving: https://coinmarketcap.com/currencies/trueusd/

Current price of TUSD

​

In between all of that, I've received a notification from Binance app that suggest me to put TUSD or BNB in SUI Launchpad... guess what? I am gonna pass on that, seeing all the above.

​

​

Disclaimer: This is not a financial advice. This post is just a discussion on a topic.

While commenting, please respect other's opinion (and mine)!

​

Edit: made a small typing mistake on the post's title. Unfortunately I cannot change it.

Edit2: it seems that the transaction has been reversed: https://www.coindesk.com/markets/2023/05/01/justin-sun-to-reverse-56m-binance-transfer-after-cz-warns-against-potential-sui-token-grab/