Did Justin Sun just admit to wash trading?

Justin Sun, the creator of TRON and crypto billionaire suing the Trump family, posted a bizarre admission on X yesterday when he stated that his exchange Poloniex is now “the world’s only exchange used solely by the boss himself.”

In essence, Sun, while perhaps being tongue-in-cheek, seemed to admit that most of the volume on Poloniex is down to him.

The only way to create nearly $1 billion dollars in volume on an exchange would be by trading with yourself. In other words, wash trading.