Yakın tarihli bir tweet'te, TRON DAO Rezervi, which manages stablecoin USDD, says it is withdrawing 2.5 billion TRX out of Binance to “safeguard the overall blockchain industry and crypto market.”
Genel blok zinciri endüstrisini ve kripto pazarını korumak için TRON DAO Reserve 2.5 milyar çekecek #TRX binance dışında.
— TRON DAO Rezervi (@trondaoreserve) Haziran 15, 2022
In regards to this, the TRONDAO reserve shared two different transactions from WhaleAlerts in two separate tweets.
TRON DAO Rezervi çekildi #TRX binance dışında https://t.co/rCA7xqTPNT
— TRON DAO Rezervi (@trondaoreserve) Haziran 15, 2022
The first transaction pertains to 339,999,999 TRX (16,960,959 USD) transferred from Binance to an unknown wallet, and the second was of 499,999,999 TRX (25,173,868 USD) also transferred from Binance to an unknown wallet.
TRON DAO Rezervi çekildi #TRX binance dışında https://t.co/x8dVkx4zvA
— TRON DAO Rezervi (@trondaoreserve) Haziran 15, 2022
Amid the current market sell-off, Tron DAO Reserve shared earlier that 700 million USDC (nearly $700 million worth) had been injected into TRON DAO Reserve to defend the USDD peg. It was also stated in a tweet that another $100 million more USDC were deposited on Binance to buy more TRX.
Mevcut piyasa aşırı durumu için, @trondaoserve savunmak için başka bir 500 milyon USDC aldı #USDD mandal. Şimdi USDD teminatlandırma oranı %310. https://t.co/3ZdRvCB0rD pic.twitter.com/z0PXqPXKhu
— TRON DAO Rezervi (@trondaoreserve) Haziran 14, 2022
Yesterday, another 500 million USDC were also received by the TronDAO reserve to defend the USDD peg, Tron founder Justin Sun stated.
tarafından daha önce bildirildiği gibi U.Bugün, Tron DAO reserve stated that it had increased the 650 million USDC supply on Tron to the tune of $2.5 billion. It says it did this to “safeguard the overall blockchain industry and crypto market.”
Since the start of the week, Tron has battled to defend its ecosystem as Tron founder Justin Sun reported that the funding rate of shorting TRX on Binance had dropped to a negative 500% APR. He consequently stated that the Tron DAO Reserve had deployed 2 billion USD to fight the ”massive shorts.”
TRX and USDD price action
Tron’s TRX has also suffered a similar fate as the rest of the market, tumbling 30.78% since the past week. After dropping to intraday lows of $0.046, TRX is presently trading down 16.45% at $0.050. TRX is set to mark its third consecutive day of losses since June 13.
Meanwhile, Tron’s stablecoin, USDD, was trading at $0.97, down 1.12% in the last 24 hours, per CoinMarketCap data. USDD, which shares similarities with Terra’s UST, is also an algorithmic stablecoin. The USDD launched on May 5 is meant to maintain parity with the dollar.
Source: https://u.today/25-billion-trx-removed-from-binance-by-tron-to-prevent-usdd-de-peg