Former criminal mastermind strikes again! Sun Yuchen's IPO suspicions ignite TRX, who will foot the 526% surge?
Is this a new trick to harvest retail investors or a genuine market celebration? Sun Yuchen's IPO suspicions trigger a frenzy in TRX, which skyrockets by 526%. This explosive growth appears to be carefully manipulated rather than a spontaneous market movement.
Numerous doubts behind the IPO
The IPO of cryptocurrencies is already fraught with compliance challenges, and Sun Yuchen's platform is notorious for operating on the edges of regulation. Can they truly meet the profit and compliance thresholds of exchanges? This seems more like a deliberately created “positive” smokescreen. A 526% increase in a healthy market is akin to a tall tale, clearly showing signs of capital manipulation.
The harvesting script of a controversial figure
Sun Yuchen has a long history of issues: he famously bought a lunch with Warren Buffett at an exorbitant price but then canceled, and he made retail investors bear the costs when Huobi exchange plunged into a liquidity crisis. After every “big move,” it’s always the ordinary investors who pay the price. Now, as Binance faces severe regulatory blows and the market is down, he throws out IPO news to pump up TRX. This is not a market rescue, but rather a celebration built on the wounds of competitors.
Retail investors become lambs for the slaughter
Stimulated by the price surge, retail investors believe they have unlocked the key to wealth, but in reality, they have stepped into the trap of “move slowly and be trapped.” No matter how enticing Sun Yuchen's listing story may be, the financial market ultimately looks at actual results. If the IPO fails, this 526% false prosperity will be paid for by blindly following ordinary investors. Those rushing to buy TRX are not trendsetters, but rather sacrifices.
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