{"id":12700,"date":"2024-10-09T19:15:07","date_gmt":"2024-10-09T19:15:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12700"},"modified":"2024-10-09T19:15:07","modified_gmt":"2024-10-09T19:15:07","slug":"important-binance-announcement-concerning-tron-trx-holders-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12700","title":{"rendered":"Important Binance Announcement Concerning Tron (TRX) Holders: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance will pause deposits and withdrawals on the Tron Network on October 10 for scheduled maintenance.
\nTRX is up 60% this year, with most holders in profit.<\/p>\n

<\/a><\/span><\/h2>\n

Announcement for TRX Traders<\/h2>\n

The world\u2019s largest crypto exchange will <\/span>perform<\/span><\/a> wallet maintenance for the Tron Network on October 10. The effort is supposed to take approximately one hour, during which TRX deposits and withdrawals will be unavailable. Binance assured that <\/span>services will be resumed<\/span> once the process <\/span>is wrapped up<\/span>:<\/span><\/p>\n

\u201c<\/span>The <\/span>trading of<\/span> token(s) on the <\/span>aforementioned network<\/span> will not be impacted<\/span>.<\/span> Deposits and withdrawals for token(s) on the <\/span>aforementioned network<\/span> will be reopened<\/span> once the network <\/span>is deemed<\/span> to be<\/span> stable.\u201d<\/span><\/p>\n

It also said there <\/span>will<\/span> be no further announcement on the matter, meaning users should take any information they <\/span>came across<\/span> on the Internet with a grain of salt.<\/span>\u00a0<\/span><\/p>\n

The company conducted multiple similar initiatives this year. In September, it <\/span>performed<\/span><\/a> wallet maintenance for BNB Smart Chain (BEP20), temporarily halting deposits and withdrawals on the network. <\/span>Prior to<\/span> that, it briefly <\/span>ceased<\/span><\/a> some services with TON due to carrying out an upgrade on The Open Network.<\/span><\/p>\n

TRX\u2019s Impressive Performance This Year<\/span><\/h2>\n

Tron\u2019s native token has experienced a rapid price increase in the past several months and is up 60% year-to-date (YTD). Moreover, it hit a three-year high of almost $0.17 at the end of August before slightly retracing to its current $0.16 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>TRX Price, Source: CoinGecko<\/p>\n

TRX is among the <\/span>most-profitable<\/span> cryptocurrencies for holders. <\/span>According<\/span><\/a> to IntoTheBlock, nearly 99% of its <\/span>total<\/span> investors are currently sitting on some paper profits.<\/span> A little over 1% are break even, while nobody is underwater.<\/span><\/p>\n

Additionally, Tron\u2019s ecosystem witnessed a general resurgence, with thousands of meme coins <\/span>launched<\/span><\/a> on SunPump (a platform associated with Justin Sun that enables users to create memes in minutes). The <\/span>largest<\/span> such tokens in terms of market capitalization are Sundog (SUNDOG) and Tron Bull (BULL).\u00a0<\/span><\/p>\n

Earlier this summer, they experienced a substantial rally. However, SUNDOG and BULL have lost momentum in the past several weeks and are currently trading far below their peaks.\u00a0<\/span><\/p>\n

The post Important Binance Announcement Concerning Tron (TRX) Holders: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance will pause deposits and withdrawals on the Tron Network on October 10 for scheduled maintenance. TRX is up 60% this year, with most holders in profit. Announcement for TRX Traders The world\u2019s largest crypto exchange will perform wallet maintenance for the Tron Network on October 10. The effort is supposed to take approximately […]<\/p>\n","protected":false},"author":0,"featured_media":12701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12700"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12700"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12701"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}