Summary
- TRON DAO withdrew 12,000 Bitcoin worth $732 million from the USDD stablecoin reserve.
- The move sparked fears among investors due to lack of a DAO vote and similarity to UST before collapse.
- Justin Sun reassured investors about the safety of USDD and explained the withdrawal was due to collateralization rate exceeding threshold.
- Tron’s meme coin generator, SunPump, has been performing well, surpassing Pump.fun in daily revenue.