Sun Yuchen's "Crypto Tycoon" persona has completely backfired this time!
What’s 3 billion dollars on the Bloomberg list? The real show is here—this guy holds over 60 billion TRX, accounting for 63% of the total supply, valued at a claimed 20 billion dollars.
Isn’t this just the blockchain version of "The Emperor's New Clothes"? Let’s expose this liquidity scam: 63% absolute control, the order book on exchanges is as thin as paper.
The so-called 20 billion valuation is like a second-hand house listed at 100,000 per square meter in a small county.
The buying depth is insufficient, the price is entirely determined by the manipulator's finger. If no one is buying, I can quote whatever I want, and if it doesn't trade, there is no pricing.
To be honest, if it weren't for Sun's poor character, I would want to get involved and see for myself, at least I wouldn’t worry about significant selling pressure. But this guy has a bad reputation, making him a potential source of the largest selling pressure! $TRX #TRX