TRON (TRX) founder Justin Sun pulled 300 million Binance USD (BUSD) from Binance and sent it to Paxos to be burned.
A Twitter account called Scope Protocol was launched on February 15. in his postAccording to on-chain data, Sun’s total of 3 transactions during the day 300 million BUSD announced that it has withdrawn. Periscope, later related assets of the TRON founder burning down for to Paxos announced that he had sent it.
New York Department of Financial Services (NYDFS) After Paxos banned the production of BUSD, Paxos also actively millions It was seen that the dollar worth of BUSD was burned. According to data from Etherscan, Paxos in total after NYDFS’s decision $1.43 billion worth BUSD burned.
According to the information received, burns were made on 13 February. 114.5 million Paxos, which started with a dollar value of BUSD, later on 1.31 billion dollars It carried out 13 more incineration operations. Total burn of Sun and Paxos as of writing $1.7 billion According to Coinecko data, the market value of BUSD has been since February 13. of 9% on decrease showed.