I see that everyone is talking about Tron (TRX), but is this the next Terra-Luna situation unfolding before our very eyes?

What Justin Sun is doing with its algorithmic "stablecoin" USDD is giving me serious Do Kwon and Terra-Luna vibes. Sun's USDD just pulled a whopping 12,000 BTC from its reserves, and guess what? No DAO approval. Nada. Zilch.

So it seems USDD is only backed by TRX now... Exactly like UST which was in fact only backed by LUNA. USDD already depegged twice, artificially maintained by Sun himself...

Here's why this is a big deal:

• Lack of Transparency: Sun claims USDD is governed by a DAO, but there's zero evidence of any vote on this massive BTC move. It's like he's running a one-man show.
• Shady History: This isn't the first time USDD has had collateral issues. Storing assets on HTX without DAO consultation? Not exactly confidence-inspiring.
• Terra Comparisons: Sun originally wanted USDD to be a Terra copycat. And we all know how that turned out.

I'm not saying USDD is doomed, but this move is definitely sketchy. It's like watching a train wreck in slow motion.

Let's hope this doesn't turn into another crypto disaster. But for now, I'm keeping a very close eye on USDD.