Tron founder Justin Sun tweeted that the Tron DAO would deploy $2 billion (with a B) in capital to fight short sellers, writing: "Short squeeze is coming".
Tron's algorithmic stablecoin (USDD) wobbles
USDD, the algorithmic stablecoin belonging to the Tron network, dipped as low as $0.91 from its $1 peg on June 13 amidst a day of turmoil elsewhere in the crypto ecosystem. Blockchain analytics firm Nansen observed that Oapital, one of the funds that successfully profited off the Terra de-peg, had started to move large amounts of USDD (as well as other stablecoins). "Doesn't look great", Nansen tweeted.