Did Sun Yuchen Really Spend $20 Million on a Trump Watch?
The $20M Crypto Dinner That Ended in Disaster #CryptoScam #MAGAcoin #MarketMeltdown
What was meant to be a high-stakes crypto dinner turned into one of the most expensive jokes in blockchain history.
Sun Yuchen (Justin Sun) reportedly spent $20 million hoarding Trump-themed crypto coins just for a brief dinner with the former U.S. president. His goal? To pitch a grand blockchain governance plan and gain political favor. The result?
• Dinner lasted 47 minutes
• Crypto was never mentioned
• Everyone received a digital Trump watch engraved with “Make Crypto Great Again”
• Sun left with a photo and… humiliation
The $20M Trap: What Really Happened
• 1.43 million TRUMP coins bought at an average of $38
• Current price? $14
• Paper loss: over 90 million RMB (~$12.4M)
• Additional $8M in liquidity support funneled to exchanges, desperately trying to hold the price—like patching a sinking ship.
As soon as the dinner ended, on-chain data exposed everything:
• Market makers dumped 500,000 coins on Binance overnight
• Trading depth collapsed from $3M to $270K—the market dried up like a ghost town.
The Harsh Reality
Out of 127 political-themed tokens this year, 94% have gone to zero.
Even “strong” tokens like $TRUMP saw 95% volume drops in 30 days.
While Americans show little interest (less than 13%), 80% of the holders are from Asia—turns out Brother Sun’s real skill is backstabbing his own people.
What did $20 million buy?
• A cheap electronic watch
• A photo with the old man
• The title of “Biggest Joke of the Year” in crypto
Brother Sun’s team is now secretly moving coins to exchanges. Is a big sell-off next?
How much did you lose on celebrity coins? Drop it in the comments. Let’s learn and laugh together.
The market correction is here. Real opportunities are waiting in altcoins—follow me and catch the next big wave.
Double your money, or at least don’t lose it on watches.