Did Sun Yuchen make 300 million overnight? The 'divine operation' in the crypto world revealed!
The crypto world is never short of thrilling stories, and this time the protagonist is Sun Yuchen, the founder of TRON. Recently, his collateral position of 606,000 Ethereum (worth about 6.4 billion RMB) was on the verge of liquidation, only two minutes away from being cleared! At a critical moment, Sun Yuchen urgently added 300 million USD in stablecoins, successfully avoiding an 'epic liquidation'. Even more astonishingly, after adding collateral, he quickly bottomed out Bitcoin and Ethereum, realizing an unrealized profit of 300 million RMB overnight!
According to reports, Sun Yuchen's Ethereum collateral position was nearly liquidated on the lending platform Liquity Protocol. At that time, the price of Ethereum plummeted to 1850 USD, just two minutes away from triggering liquidation. With reminders from his internal team and friends in the crypto space, Sun Yuchen swiftly added 300 million USD in stablecoins, successfully resolving the crisis. This operation not only avoided huge losses but also made him a 'market-saving hero' in the crypto world.
After the crisis was averted, Sun Yuchen did not stop. He quickly invested 1.8 billion RMB to bottom out Bitcoin and Ethereum, purchasing Bitcoin at an average price of 86,868 USD and Ethereum at 2,509 USD. As the market rebounded, Bitcoin rose to 92,000 USD and Ethereum climbed to 2,950 USD, resulting in an unrealized profit of 300 million RMB from his bottoming out funds overnight! This series of operations can be described as 'divine-level operations'.
It is worth mentioning that the recent fluctuations in the crypto market are closely related to the statements made by Tesla CEO Elon Musk. From supporting Bitcoin to questioning its environmental issues, every tweet from Musk can trigger significant market fluctuations. This phenomenon of 'one tweet deciding the rise and fall' has led many investors to question the stability of the crypto market.
Although Sun Yuchen successfully resolved the crisis and made a fortune, the future of the crypto world remains full of uncertainty. Regulatory policies, market sentiment, and statements from industry giants may all affect the trends of cryptocurrencies.
Sun Yuchen's story once again proves that the crypto world is never short of opportunities, but opportunities are only left for those who are prepared. If you also want to share a piece of the pie in the crypto world, feel free to follow me for the latest news every day.
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