Tron dropped 18% and looks like it only accelerates.
It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply.
How death spiral may look like?
As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on.
I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply.
How death spiral may look like?
As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on.
I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
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