An altcoin has experienced a short-term pump-dump as Binance CEO Changpeng Zhao (CZ) announced a significant change in zero-fee transaction fees for Bitcoin (BTC).
Binance CEO March 15 Posted on his official social media account on in the shipmentin spot transactions for Bitcoin zero commission trading app Binance USD (BUSD) from par, to True USD (TUSD) announced that it has moved to In this direction, zero commission Bitcoin trading on Binance, 22 March 1.00 CETonly from BTC/TUSD will be changed to cover the trading pair.
In the announcement shared by the CEO, Ethereum (ETH) And BNB (BNB) for TUSD Transaction fee for market maker orders in the par will not apply was also included.
In addition to these, there are current available for BUSD trading pairs. market maker zero in your orders processing fee policy is now BTC/BUSD, ETH/BUSD And BNB/BUSD spot And margin for trading pairs will not apply specified. belonging to BUSD other all spot And margin trading pairs are affected by the said change. will not be affected.
on the other hand TUSD This particular approach allows users to use Binance’s explicitly named stablecoin. that you support aimed at a made an impression. Following the announcement, the native token of True Finance, the former issuer of TUSD TrueFi (TRU), a short term pump-dump lived.
According to Coinecko data, during the day 0.1104 traded in dollars TRU, after the statement to 35% experiencing a near rise $0.1438 dollars reached levels. But the rise comes from CZ second It was short-lived with an explanation.
Binance CEO said in the post that a user “Wow what a day for TRU, everyone check out the historical announcement” Any link between TRU and TUSD by replying to the comment that it is not mentioned. TRU price quickly with this explanation from went into decline and to pre-ascension levels is back. TRUat the time the news was written $0.1111 dollarstraded from.
True FinanceThe stablecoin project that was formerly an issuer of TUSD all the ties between him and from breaking oblivious investors, unfortunately in the process damaged. TRU is also in serious trouble, with similar positive news flows from the Binance and stablecoins front lately. rise had lived.