Let's say what @AlgodTrading said is true and $USDD falls to $0.9.
How much money would @justinsuntron have to inject on-chain to repeg it back to $1.
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1/
USDD was marketed as a decentralized algorithmic stablecoin with the same mint/burn mechanism as LUNA/UST. This mechanism undoubtedly contributed to the meteoric rise of LUNA and its dramatic downfall.
Alex Machinsky built a big cult.
All of the users on the Celsius space think he’s a “great guy” …
They need a grief counselor and help getting deprogrammed.
Crypto Class of 2021 doesn’t like to hear the truth.
I went on @AltcoinDailyio to warn their 1+ million followers to withdraw from Celsius & stop drinking the crypto koolaid.
Some listened but most were in denial.
We haven’t had capitulation yet, we need to do more education.
Funding rate of shorting #TRX on @binance is negative 500% APR. @trondaoreserve will deploy 2 billion USD to fight them. I don't think they can last for even 24 hours. Short squeeze is coming.