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Protos Analysis: Justin Sun's Post Claiming Poloniex is the "Only Exchange Used by the Boss Himself" May Hint at Wash Trading
Crypto media outlet Protos analyzed that TRON founder Justin Sun posted on X yesterday, stating that his exchange Poloniex is now "the only exchange in the world used by the boss himself." This comment may imply that most of the platform's trading volume comes from Sun himself through wash trading. Protos believes that the only way to generate nearly $1 billion in trading volume on an exchange is through wash trading. Wash trading is considered illegal in most countries because it can be used to manipulate asset prices.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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