Sun Yuchen's wealth code actually reveals the risks of the market. 63% of TRX belongs to him personally, which means he is fully aware of the data in this ecosystem and can profit by squeezing out market rivals and dumping inventory at any time. Currently, this portion of market value is over 20 billion USD. The bubble is huge, but looking at the historical trend of TRX, there was one day when the price surged directly from 0.18 to 0.45, which means that on this day, the price increase was only beneficial for Sun Yuchen. The squeeze of market contract funds led to a rapid rise. This indicates that although TRX has a huge bubble, it is not suitable for large amounts of capital and leveraged funds exceeding one time to short, which is also risky. The current price may not fluctuate as dramatically, but shorting with leverage above two times is still dangerous. Therefore, the TRX ecosystem is Sun Yuchen's ATM; he has absolute control over it. He can expand this ecosystem during a bull market to attract more retail investors, and in a bear market, he can indefinitely dump assets over a longer period to profit. He can also quickly profit by simultaneously taking both long and short positions to eat up contract funds. The backend data is very easy for him to manage in this controlled market. Currently, Sun Yuchen's TRX spot is in the market capitalization stage, temporarily using both long and short contract funds as an arbitrage method, but a dump will inevitably occur in the future. Therefore, looking solely at TRX, it will inevitably experience a significant drop and bear market in the future, and the same goes for other cryptocurrencies. It just depends on when these so-called figures like Sun Yuchen will cash out.

Based on current assets, Sun Yuchen is close to 30 billion USD, but in reality, the vast majority of asset appreciation belongs to unrealized assets. The assets have appreciated about fourfold. So in this bull market, who do you think will bear the cost of the 22.5 billion USD increase in assets for Sun Yuchen? If he can convert the increased unrealized assets into cash, it means that a buyer would need to incur a loss of 22.5 billion USD in real money to take over. Considering the current market liquidity, can the market really accommodate wealth accumulators like Sun Yuchen? Where are the risks in the market in the future?