Justin Sun the founder of TRON is trying something which is either pure genius or really really dumb.

Justin Sun the founder of TRON has just exchanged 82 million worth of $USDC to $DAI in some sort of arbitrage attempt.

Both $USDC and $DAI have both depegged, both are trading at around ninety four cents.



The thing that is puzzling about this trade is that the DAI is heavily backed by USDC so if USDC goes down it’s probably taking DAI down with it. It’s a really confusing trade but perhaps he is some sort of trading genius and knows something we don’t.


This is either going to go down as one of the greatest trades of all time or one of the stupidest trades ever made.

What do you think, Genius or Idiot?

submitted by /u/Odlavso
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