Monday, April 12, 2021

CZ Gives Reason Why Binance Unfreezes 12 Billion TRX on the TRON Blockchain

The CEO of Binance, CZ (Changpeng Zhao) has just clarified the reason why the exchange recently unfroze the sum of 12 Billion TRX on the TRON blockchain.

The inquiry regarding the clarity about the unfrozen TRX was brought up on Twitter by a Tron community member Mike McCarthy a couple of hours ago.

According to Mike, this action implies that Super Representatives (SR) voting rewards may become higher today for the concerned.

Mike McCarthy shared this, “Today Binance unfroze 12billion TRX on the TRON blockchain. Not sure why but it would be nice to know. This means SR voting rewards may be higher today for everyone? (Correct me if I’m wrong).”

CZ Binance Clarifies the Funds Movement

The CEO of Binance Changpeng Zhao, popularly known as CZ, clarified that it’s a normal funds movement between multiple cold wallets.

According to CZ, the funds will be refrozen soon. He shared this, “Just normal moving funds between multiple cold wallets, will be refrozen soon, I think.”

Tron Ecosystem Sees Rise in the Number of Dapps

As shared by the CEO and founder of Tron (TRX) Justin Sun, the DappReview, a Dapp analytics platform that is part of the Binance ecosystem, revealed that 5 new Dapps were added to Tron ecosystem.

With the new addition, the total number of Dapps in the Tron ecosystem is now 719. Additionally, the number of active users also increased by 12% against last week’s record.

“According to DappReview, 5 new Dapps were added and the total number of Dapps in the TRON ecosystem is now 719. The active users increased 12% compared with last week. TRON ecosystem is growing at a steady pace, we welcome all to join us,” Justin Sun shared.

Tron (TRX) in the Market

The crypto market is starting to regain strength in terms of price. This positive trend is now impacting the price of Tron (TRX), as it indicates an upward movement that may last.

At the time of filing this report, TRX is trading at $0.010552, with a 0.91% price upsurge in the last 24 hours.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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