by the US Securities and Exchange Commission (SEC) TRON The investigation launched against Justin Sun, the founder of the network, caused Binance to take a delist move. The developments had a great impact in the community.
Tron Network is in Trouble
Binance.US has announced that Justin Sun’s linked TRX token has been removed from its platform. In a periodic review of digital asset listings based on various factors, Binance.US announced that it has decided to delist Tron (TRX) from April 18, 2023.
TRX tokenHe pointed out that . This includes matching with regulatory authorities in the country. However, the crypto exchange will also delist the Spell (SPELL) token based on the review.
The Binance.US announcement led to a sharp drop in TRX price. The TRON price has dropped by almost 13%. However, TRX price is trading at an average of $0.064 at press time and is down 5%. 24-hour trading volume increased by 82% to $411 million. As of now, it is TRX’s 15th largest cryptoasset with a market cap of $5.83 billion.
You can follow the current price action here.