Holpop News

Tron founder Justin Sun said Tron DAO Reserve will direct $2 billion to combat traders who have been gaining short positions on the Tron asset (TRX).
Sun noted that the so-called funding rate for TRX short positions on Binance has already reached 500%.
“I don’t think they will last even 24 hours. A short-squeeze is coming,” Sun wrote.
A short-squeeze is a sharp upward price move followed by a sharp downward pullback. Simply put, it is the beating out of market participants with short positions by stop-losses and margin-calls.
According to Coinmarketcap, the price of TRX fell more than 16% overnight.
Earlier today, the Tron-based USDD algorithmic stabelcoin temporarily lost its peg to the U.S. dollar, but later recovered in value.
As of today, Stablecoin’s collateral ratio is 280%.