As the conflict between WazirX and Binance continues, WazirX has emphasised Binance’s current supremacy over the WRX token. The WazirX exchange made an important remark in a recent announcement on May 16. They emphasised that Binance carried out the Initial Exchange Offering (IEO) for WazirX’s native token, WRX, and now controls the token’s supply. According to an explanation made by the WazirX team, Binance collected and maintained all revenues from the WRX IEO, totaling about $2 million USD. Furthermore, the team emphasised that Binance presently possesses about 580.78 million locked and unlocked WRX tokens, which corresponds to a market price of nearly $74.4 million.