The price of the native token of the Tron network reacted to the news, recording a fall of 4.81% over the past few hours, from $0.0666 to $0.0632..
At the same time, the seven-day change in the value of TRX reflects a fall of 3.82%, while its 30-day reading shows a decrease in the price level by 4.51%.
The Binance.US team justified its actions by the influence of a number of factors that played a role in the decision to delist the asset.
The team cited the results of an internal exchange review that included an assessment of the TRX risk profile, the resilience of the TRON network to internal and external attacks, the stability of smart contracts, and evidence of unethical or fraudulent behavior.
“When a digital asset no longer meets our high standards or industry circumstances change, we conduct a more in-depth analysis of the affected asset and assess whether further action is needed, such as delisting.
However, we will continue to support TRC-20 USDT and USDC issued on the TRON network,” Binance commented.
Earlier on Twitter, there were rumors that Tron founder Justin Sun had been arrested by law enforcement in Hong Kong..
The businessman reacted to the fake news in the style of his colleague Changpeng Zhao, marking the number 4 in the response message as a symbol of empty lies against the backdrop of unfounded fear, uncertainty and doubt.