Reddit Posts
Stop sending crypto to these hacked wallets! (Part 3 of TRC20 scam relying on transaction fees)
Not your keys, not your crypto (Part 2 of TRC20 scam relying on transaction fees)
Please be aware and stop feeding on TRX/USDD situation, most likely a Justin Sun's master plan.
Please, stop feeding on TRX/USDD situation, most likely a Justin Sun's masteer plan.
Let's look at what USDD is and what is it backed by.
The absurdity of USDD and its weak fundamentals
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
Tron’s Stablecoin USDD Slips its Peg as TRX Tumbles
TronDao To Withdraw 2.5B TRX From Binance, Will Justin Sun Be Able To Save Tron & Protect USDD From De-Pegging
Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg
As USDD depegs, Justin Sun tweets the exact same words as Do Kwon before Terra collapsed
TRON coin and its current potential predicament
TRX Price Drops Over 29% in Last 3 days, USDD Lost its Dollar Peg, $2B Injected to Fight Back
what are the 5 cryptocurrency to invest in 2023?
Why Justin Sun Reported A 500% APR To Short TRX On Binance
USDD Slowly Losing its Peg - TRX Crash Next?
USDD Getting Depegged Next, Could be Crashing TRX Very Low
USDD Depeg warning to everyone shorting
Terra model repeats itself: Tron backs its USDD stablecoin with 14,000 bitcoins
Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves
Massive Burns: Top Investor Buys 2.8B Tron (TRX), 200M Polygon (Matic) And Burns All Of Coins
USDD and TRX, Same Fate As UST or Different?
Terra model repeats itself: Tron backs its USDD stablecoin with 14,000 bitcoins
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BookShib | Binance Smart Chain | Pay2Read | Stealth Launched | Low tax | High potential
Chimmy Inu | K-POP Sensation | Next Moonshoot | Low MarketCap | Dev Based and Team is active | Dev last project went 18M
USDD and TRX has the exact same mint and burn mechanism that killed UST and Terra. Here's how to short.
The price of TRON (TRX) has increased by 13% as DeFi activity grows
Can USDD be different enough to succeed?
A look at what USDD is trying to do different, lessons from UST
So... are we going to ignore that TRON (TRX), with 7.5 BILLION market cap, is pretty much following LUNA's footsteps?
Justin Sun trying to become the next Do Kwon with stable coin USDD.
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Saito Enables Web3 Crypto Support and adds Tron as the first test coin
Saito Enables Web3 Crypto Support, add Tron as the first test coin
Tron already launched its stablecoin and it looks very similar to terra USD
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TRX looking good in green
Crypto Price Today May 25: BTC, ETH, UST, TRX Surge
Is Tron The Most Profitable Crypto To Hold Right Now?
The best performing coin with >1B MCAP in the last 90 days
Here is how I am earning a 10-15% monthly return on my Tron investment
Combined Platform Market Capitalisations | CoinMarketCap
Do you think there's any chance of LUNA/UST rebounding from the latest situation?
Do you think there's any chance of LUNA/UST rebounding from the latest situation?
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FYI - Justin Tron's new "stable coin" USDD is just another algo stable coin, like LUNA
Could Justin Sun’s Algorithmic Stablecoin USDD be the final nail in the coffin for TRX?
USDD and TRX, Another case of a algorithmic stable coin?
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Out of the current top 10 coins which one will still be in the top 10 in 2025 and why?
TRON DAO Deploys $2 Billion to Protect TRX Following the LUNA Crash
DapTRX, the most profitable project in 2022, mining with mobile phones, daily income 5%-10%
Another red crypto Friday. TRX (+25.28%), ANC (+17.27%) and XDC (+6.92%) showed the most active growth this week, and APE (-40.55%), GMT (-37.81%) and KAVA (-28.47%) dropped down more than others. Bitcoin’s price is $35.9k and Ethereum’s one is $2.7k.
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TRX, the most profitable project in 2022, mining with mobile phones, daily income 5%-10%
Bitcoin and Ethereum Fluctuate, TRX and FTM Surge
On a micro we are in a descending triangle pattern
On a micro on BTC we are in a descending triangle pattern
This is how I pick which cryptos to invest into, and it is the same tactic major investors in most markets use
What makes you hopeful about your investments in crypto, and what makes you hopeful about crypto?
Is sending TRON (TRX) from Binance.US to TronLink wallet available yet?
Tron Price Predictions: Where Will a Stablecoin Launch Take the TRX Crypto?
Hypothetical question to you but real to me - Life savings + 4x = What coin?
Today's strongest TRX investment makes money, cloud mining has high returns
Why do most people are still too stupid to see how to get rich in crypto? It was always the EARLY birds, not those buying Top50 Shitcoins when they were high
People hated ETH when it was below $10 and said its a scam and you only need Bitcoin
Mentions
These so called hobeypots are not exclusive to TRON, they are used on more chains. This one is pretty obvious, the smart contract scam is much worse! They lure you to sign away your permissions of your wallet and little after it your funds are drained TRX is not having any issues at this moment
Second from the bottom point is referring to Justin Sun, crypto founder of TRX Tron.
Yeah this trader has a different motive and time perspective than myself. I’m not looking for another UST, just a regular over valued shitcoin and Tron fits the bill well. I like long BTC / short TRX
ADDENDUM: With USDD failing to keep its peg, and TRX having some issues, I hope this scammer gets his karma somehow in some form though its probably highly unlikely
Absolutely. Glad to see this post. I followed TRX charts for a while. I stalked it from the .070’s all the way to .080’s. I saw it very stable and rising every other day. While other coins were dropping lower and lower. I got in TRX at .083 and then the USDd stablecoin started it’s “Lunaesque” depegging. I sold at .062 as TRX started to crash. It’s since somewhat stabilized. This coin screams manipulation. It’s very interesting to me. Fact, this coin is going to burn a lot of people.
Lol. TRX is a stable asset? USDD is likely to end like UST. By now we should identify ify stablecoins to hedge in. Stablecoins like EEUR that's got their reserves in banks and government bonds with quarterly audit from Ernst and Young should be adopted more. BUSD, USDC are some of my other stablecoins holdings. USDD shouldn't be held in my opinion
>they use the TRX burnt which would put UST at over 100% collateralisation at the time. Yes, that's how it works. It'll make more sense when the burn mech goes live. Till then just subtract 100% from the 300% figure. \>>They also use USDT which is a kettle of worms More baseless FUD \>>TRX which in the event of a death spiral will be worthless Umm yeah that's what they have the over collagenization :P It cant death spiral if the reserve is there. \>>Algorithmic Stablecoins at their design are dangerous and dont work You base this off one failed algo stable coin that only had 10% collateral and no proper management :P
That 300% figure isnt exact though, they use the TRX burnt which would put UST at over 100% collateralisation at the time. They also use USDT which is a kettle of worms, TRX which in the event of a death spiral will be worthless and the only saving grace is the recent USDC which was only added because faith was being lost. Not to even mention this is all wrapped assets. The only non Tron part is BTC that consists of 287 million dollars out of 700 million. .97 for a dollar stablecoin is brilliant yeah sure, and what does that even have to do with it seriously? Algorithmic Stablecoins at their design are dangerous and dont work, are you seriously gonna have to lose all your investment to realise this :P
I would only invest most of it in the main cryptos like BTC, ETH, ADA and maybe some alt like LTC, XRP, TRX or XLM. Friendly advice: detach your emotions from the value of your investment, whether it increases or decreases. It is really hard to do, especially when you start (when I went from 4k to 27k I was on the moon, always happy etc. then I went down to 2.5k and was ALWAYS angry all day long. I don't wish that on you). Anyway I wish you all the best dude.
Not at all a TRX fan, but it has outperformed BTC over the past 8 months in a bear market, so it seems like there's plenty of people who want to hold it.
How did you lose money shorting TRX lmaooooooo Eventually that shitcoin will end up in a death spiral like LUNA.
I hate so much being liquidated on TRX for short and now it goes down
Agreed BTC: Down 50% on 90 days ETH: Down 61% on 90 days DOT: Down 60% on 90 days ALGO: Down 60% on 90 days **TRX: Up 3% on 90 days** Bear market really taking out the trash.
Take OP's post with an EXTREME LEVEL OF SCRUTINY! OP is clearly trying to create an artificial narrative to push USDD peg down. Take for example. >ah!, "stable assets"! Stable assets such as 10 billion TRX tokens, 14,000 BTC and 140 million USDT, my favourite cash-backed stablecoin. OP conveniently omits the reserve includes 1 billion USDC. While USDD's market cap is just 700 million. That means Justin can use USDC alone to repeg. In fact, he can used USDC alone to cover most of the USDD market cap EVEN AFTER 60% APR. >Even after all these collaterals being used, the price remains depegged. He has no incentive to repeg when all the shorts are paying him high-interest rates every day. The shorts are definitely hurting right now. I suspect a lot of these threads are just shorts begging for exit liquidity. Don't get yourself hurt. Don't buy USDD. But DEFINITELY DON"T SHORT IT FOR YOUR OWN FINANCIAL SAKE!
CEL: Down 65% on 90 days TRX: Up 3% on 90 days ​ I simply don't understand the comparison you're trying to make.
USDD has the potential to kill TRX just like TERRA LUNA.
I’m not arguing for TRX, just relating commentary I read about TRX on here. You can get a good feel by reading what people are saying. If people are feeling confident and saying they are shorting TRX, or just generally talking about it etc saying why it’s going up. To me that’s a red flag, as to not enter a short. If everyone and their grandma is shorting a certain coin, it would make sense to expect that not to play out as people think
End of Year TRX: 8-9c BTC: 23-25k ETH: 1100-1300 ADA: 6-7c
I'm looking forward to the day, maybe LINK or ALGO or MATIC take TRX's spot in the rankings.
Folks talking about why TRX is a scam and it’ll crash like Luna, then asking about why TRX isn’t dumping, wondering why is it pumping while BTC dumping, and then get wrecked by trying to short it
Here goes my lambo. Now I'm sure TRX will go to oblivion and I will bebupset
Motherfuckers i got liquidated on TRX while flying
so let me add some more facts: BTC: Up 840% in the last 5 years TRX: DOWN 56% in the last 5 years But I am not talking about the pure numbers. Just about the person behind it and the way he acts.
>„who’s going to exchange USDD for TRX if most of the supply is held by Justin“ 
I couldn't agree more. BTC: Down 35% over 1 year ETH: Down 39% over 1 year ADA: Down 56% over 1 year TRX: Up 26% over 1 year
Did you do the coinmarketcap learn and earn on TRX ?
USDD can't death spiral since there is no way to arb. between USDD and TRX (only a few whitelisted address can do this). Due to the massive shorts open on TRX the price can go up while the peg is not restored, there is no correlation between TRX and USDD (or only minimal). USDD could even be traded at 2 USDT and nothing would happen. If you look at the circulating supply of TRX you see that it actually is getting less, thes means the shorts are generating revenue for Tron. ​ TL;DR: Don't short TRX unless you have a VERY low leverage, and even than its probably a losing trade.
Lol no really, I knew it was a scam. Too good to be true. But like I said whilst I was watching it I saw TRX was transferred in about $10 worth and so I thought well I might aswell try and see if I can get it off the scammer but no the TRX was already gone. Haha
BTC: Down 50% on 90 days ETH: Down 61% on 90 days DOT: Down 60% on 90 days ALGO: Down 60% on 990 days ​ Sir I don't think you understood the question :P TRX: Up .4% on 90 days <-- Correct Answer :)
Bots. The second the blockchain registers inbound TRX the bot transfers the TRX back out. It's an old and known scam.
It's funny since there could be a counterpart bot that will transfer TRX to the wallet than pay a ridiculous fee to make sure it gets in before the first bot will withdrawing the gas. Alternatively, since the TVM is EVM based, It's also possible to send the USD transfer with a low gas, and sending gas to the contract with a high and basically finalizing both transaction in the same block! This scam which tries to scam scammers is scam-able, quite inceptive.
Using the fastest bot in the West. Doesn't matter how fast you are, the bot will transfer the TRX away before anything can be done
Seems like some kind of script running on that wallet withdrawing the TRX faster than you can start transfering the USDT. ​ So a scammer scamming people trying to scam him
I watched a YT video explain this scam. The moment u transferred TRX in the bot will instantly transfer the TRX out. It will be impossible to withdraw the 500 usdt.
nope. unfortunately. you could short TRX nicely \^\^
>USDD works the same way UST worked, but with TRX. When the price depegs from $1, the protocol allows users to buy 1 USDD for a discount in an external market. They can then swap 1 USDD for $1 worth of TRX in the protocol. This isn't even implemented yet afaik
It’s not backed by cash directly. It’s backed by BTC, USDT, USDC, and TRX. Currently “overcollateralized” by 326% while still not able to maintain a peg Official page: https://tdr.org/#/
Shorting TRX is not the play here. Im sorry
USDD is "stable" at 0.95/0.96, as stated from Justin Sun they will accept a 5% move. The burn mechanism where you can exchange 1 usdd to mint TRX is **not** live at the moment it is scheduled to go live at Nov/ Dec. The question stays if USDD has enough confidence at 0.95 to attract investors, but is seems like the TRX fundation is happy with the peg sitting at 0.95/0.96. Looking over the past, it seems that justin sun is interested in pumping TRX, with the amount of shorts open there is massive upside potential. The same goes for USDD, i can see a world where they pump USDD to2-3USD just to rek the shorters. Its funny, cause TRX is gaining value, they where even able to burn/ reducing the circulating supply of TRX over the last few days while the peg is "under attack".
According to its Whitepaper, USDD is not yet collateralized by TRX (the same way TERRA/UST was). It is expected to happen in November 2022. That's when it's probably going collapse if history is anything to go by.
A lot of people assume UST/Luna is the same as USDD/TRX. If they see USDD off peg, first thought would be to short TRX. Except that’s not how it works, only a few white listed addresses can use that burn/mint method. Volume is low across all exchange and he can easily get it on peg with less than $100M (over $2B in TRD). Justin will wait for enough shorts on TRX and liquidate then. Long term, it will fail but I wouldn’t bother just yet…
When are my TRX shorts gonna print? I am down 60 percent now... Hopefully I don't get liquidated
Short term, do not attempt to short TRX. Justin is messing with people that don’t understand the mechanism. Long term, most likely will be dead.
Ah fuck that's why since I shorted TRX on kucoin they already have taken 10 percent of my initial investment and I am -50 percent from my initial short position ... I fuxked up, hopefully it will go down
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I'm not sure about that. There is a lot of short interest on TRX. Justin just received a lot of free money, by sending his TRX to himself to mint USDD. If he used the USDD to short squeeze the shorters, the narrative will quickly turn into "Justin pwned the heathen shorters, and made us all rich!" He'd become a hero to TRX bagholders, and he won't even have to spend a single dime of his own money.
If they do not defend it, they come out as untrustworthy, demand for TRX pummets. How do you believe it wont affect TRX either way?
Exactly. They don't have to defend the USDD peg lol. Why do you think there isn't a function to burn USDD to get TRX? USDD is backed by literally nothing. Not even TRX lol.
Everyone knew USDD was a shit system, before it even launched..... I have 0 sympathy for people who fell for it (as it planned to use the same BS mechanic of USDD being supported by TRX, instead of ... USD).
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If they want to defend USDD pegged with the funds they declares as collateral, they have to sell them. What most the collateral? TRX. So while it is holding up for now cos people havent lost faith yet and price is being manipulted, it is 100% going to be affected unless they let USDD go to to zero without trying to defend it at all. Not mentioning the abusurd 30% yield, where do you think that comes from?
Yep, I get that, but it's also a great way to destroy the TRX brand too. So rug pull incoming? Personally I'm going short on TRX
USDD beeing deppeged on purpose by Justin so he can bait shorts on TRX and he liquidates them cuz that's what he is best doing it. Prove me wrong...
As it stands, USDD and TRX have no correlation because the mint mechanism isnt live yet. Prove me wrong...
I’m holding ADA but TRX seems fishy.
thats why you short USDD and not TRX. 100 Gain or 0% loss (funding excluded).
As stated, they (TRX fundation or whatever) will only intervene when peg falls below 0.95. ​ Imho this means it stays at 0.95? lol
Why? TRX and ADA are like the only few mid caps holding their value atm.
Yup ur right.. back in April when TRX was 6c the ETF was $2, now TRX is 6c and the ETF is $1.15... damn well guess I'll just have to get out, try to take some profits.
I believe so. I'm still new to it. I'll need to do more research. But it is labeled as an ETF... I haven't put a lot, but I do believe TRX will drop so I want to profit on that without any risk of liquidation and fees.
Hmm so the price of the coin is not a fixed representation of the price to TRX?
TRX a few months ago thankfully.
Crypto grim reaper going wild, Luna, Celcius, and next are either TRX or Solana
As he said, the algortihm binding TRX to USDD isn't implemented already. You can short TRX on kraken :)
The DAO reserve literally has 1 billion USDC in a wallet that you can check yourself, on top of the USDT/BTC/TRX they've been stocking up. Whether or not you like TRX or USDD, I don't know what more they could possibly do to assure you 😂
Think I figured this one out. USDD is a liquidity exit scam for Justin Sun. From what I can see there is currently no way to publicly arbitrage USDD back to the peg on the open market. There’s some group of “whitelisted organizations” by the DAO who has control over the burn/mint…but nobody else can swap it. Ok so USDD loses its peg, the only person who has control over the arb is JSUN himself. He scoops up the depegged USDD for cents on the dollar, swaps it for TRX at 1 to 1, dumps the TRX, walks away with a fat profit while it death spirals.
Whatever you do don’t short USDD or TRX. It’s not the same as the UST/Luna situation. Sun can easily prob up USDD back to peg but he’s just waiting to short squeeze everyone shorting TRX. Again it’s not the same situation don’t do it lol
Is shorting USDD/TRX the play here?
LUNA collapsed because there was an on-chain mechanism that allowed a swap of UST <-> LUNA and minted LUNA in the process as UST depegged. that mechanism is not live for USDD - i know because it's blockchain and the code is transparent. the mint/burn of TRX <-> is simply not live - the USDD peg is backed up by collateral and TRONDAO currently. i still think it's going to zero, but it's not going to hyper-inflate the supply of TRX on the way down.
Come on TRX go to 0.01 now .
>The performance of BTC since peak has been better than any other coin. Nice generalization that’s not actually true. Not a fan of TRX, but even it hasn’t dropped as much as BTC since the November peak (50% vs 75%)
Certainly a stablecoin crashing a month after release will bring confidence in TRX. /s
tron is not hooked up to USDD like LUNA was to UST - piling into shorts on TRX will not end well for you.
Tron is depegging. USDD is crashing and TRX is following it.
TRX has a survived a bear market, I highly doubt Justin risks Tron to try keep USDD alive, especially after seeing what happened to UST/Luna.
given current events i doubt that the mint function ever goes live. i wouldn't expect justin sun to be doing anything but looking after his own self-interest. if USDD dies it doesn't wipe out TRX.
it’s pretty much copy paste code from UST/LUNA…they are literally been planning to implement the same death spiral burn/mint functionality. Their white paper spells it out pretty clearly it will be tied directly to TRX burn/mints https://usdd.io/USDD-en.pdf What then?
Justin Sun is smart and cleaver. He is deppeging USDD on purpose, to create FUD and people short TRX, to bad his coin is heavily manipulated and he then tweets "short squeeze inc" and yeah... don't fall for this ponzi.
It’s okay, I’m sure Justin will just sell some of the highly valuable and sought after TRX to back it…oh wait
TRX failing would definitely cut the downside of USDT failing later, TRX network to move tether is all I've ever ised it for.
Will USDD de-peg finally get rid of TRX ?
Lmao why tf does nobody read anymore? Always assumptions all around USDD stated they will not intervene unless peg falls below 5% , at which point it would only cost around $40M to bring it back to peg There’s over $2B in the reserves…and there’s no public mechanism to which people can burn their USDD to TRX and cause mass inflation Death spiral..not possible