Crypto analytics firm Kaiko has published a report highlighting suspiciously high trading volumes on Huobi and Poloniex, two cryptocurrency exchanges owned by Tron CEO, Justin Sun. The report shows that Poloniex's volume surged past $20 billion in August 2023, a time when other exchanges experienced low volumes. Similarly, Huobi Tron Exchange (HTX) saw its market share increase to 20% in August 2023, a level last seen before the Chinese crackdown on crypto. These volume surges occurred without any significant changes that could influence such drastic traffic increases, raising questions about the legitimacy of the trading activity. In March 2023, the SEC charged Justin Sun with wash trading, adding to the concerns surrounding these exchanges.