Anticipation of an airdrop for Mysten Labs’ layer-1 blockchain, Sui, has led to nearly $4 billion being staked in Binance’s Sui farming pools. Tron founder Justin Sun received a warning from Binance CEO Changpeng “CZ” Zhao after depositing 56.1 million TrueUSD (TUSD) to Binance, in which Zhao made it clear that the deposit shouldn’t be utilized to “grab the LaunchPool Sui token” that is intended for retail users. Sun responded that the primary objective of the deposit was to facilitate market-making between leading TUSD exchanges but admitted that some team members inadvertently used a portion of the funds to participate in exchange campaigns. Tron DAO arranged for a full refund and issued an apology for the oversight.
Binance LaunchPool opened the BNB-Sui and TUSD-Sui staking pools for users to receive airdrops of 40 million Sui tokens by staking their BNB or TUSD tokens. The Sui launch pools on Binance have received over 9.4 million BNB (equivalent to $3.1 billion) and 686.8 million TrueUSD in staked funds.
