Is Sun Yuchen's $100,000 gold watch just an appetizer? How are the political and business capitals of China and the United States working together to manipulate the cryptocurrency market?
On May 23, Trump hosted holders of the $TRUMP coins at his golf club, where Sun Yuchen made a high-profile appearance, sporting a limited-edition Trump tourbillon gold watch valued at $100,000, dazzling everyone present. But don’t be misled by appearances; this is not just a simple show, but a public ceremony of deep binding between political capital and cryptocurrency capital.
Why did Sun Yuchen attend? He is not only the largest token holder of $TRUMP but also one of the invisible operators of the newly established company World Liberty Financial (WLF). WLF has partnered with the Trump family to launch a stablecoin USD1, which has quickly achieved a market value of over $2.2 billion and has secured financial cooperation agreements with several countries. This “dinner” is essentially the beginning of global political block formation.
Even more absurdly, after this dinner, the SEC regulatory cloud hanging over Sun Yuchen mysteriously dissipated. He had been pursued by U.S. authorities multiple times over the past few years, yet now he could sit across from the president safely, and the “deal” behind this is self-evident.
We are witnessing a new form of operating network: on one side, Trump uses his political aura to create “authoritative belief”; on the other side, Sun Yuchen uses capital and narrative to achieve cryptocurrency market traffic harvesting. This is not just a personal alliance; it is a top-level collusion between China and the U.S., a “United Nations-style reshuffling” in the Web3 era.
Gold watch, dinner, coin prices—these are all just the prelude. The real script is hidden in the invisible off-chain agreements you cannot see.
