Binance CEO Changpeng Zhao took to Twitter to clarify that Binance Launchpool is intended as an airdrop for retail users, not just for whales, after Tron founder Justin Sun transferred $56 million in TUSD to the platform.
Sun had planned to use the funds to potentially receive large amounts of SUI tokens from Binance’s Launchpool, but Zhao warned that action would be taken.
The SUI token, native to the layer1 blockchain Sui, is set to be released once the mainnet goes live on May 3, and Binance had announced it would be available via its Launchpool.
Sun replied to Zhao, stating that his team was not aware of the intended purpose of the funds, and had arranged for a full refund. Binance later tweeted that it would reallocate the SUI tokens back to the TUSD liquidity pool.