Binance CEO Causes Massive Pump on This Token But Then Crashes It
Binance CEO Changpeng Zhao recently shared a tweet that announced the introduction of zero trading fees on TUSD pairs. This news caused a spike in the value of TrueFi (TRU).
TrustToken
Binance CEO Changpeng Zhao recently shared a tweet that announced the introduction of zero trading fees on TUSD pairs. This news caused a spike in the value of TrueFi (TRU).
TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US…
The world’s largest crypto exchange has turned towards an alternative stablecoin following the crackdown on Paxos and Binance USD (BUSD).
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
Binance has made good on its recent promise to support the stablecoin ecosystem.
TRU popped over 145% after Binance minted $50 million in TUSD.