June 8, 2026·Bearish·onchain activity

Justin Sun Moves 'Burned' TRX Backing USDD to Poloniex

Justin Sun deposited previously 'burned' TRX tokens, which backed the USDD stablecoin, to the Poloniex exchange, raising questions about the burned tokens' status and their dual role in supporting USDD's collateral.

Detected & updated continuously · Source: Ruma

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@lukecannon727

Really cool of @justinsuntron to deposit the formerly "burned" TRX that was somehow also backing USDD to Poloniex 👍 https://t.co/RaVAUKd15c