In just two days, Sun Yuchen will appear at the dinner at the Trump National Golf Club, an event where entry qualifications are determined by the volume of holding 'Trump Coins'.
Sun Yuchen has always been good at hype, from winning a lunch with Buffett to this time spending 17.68 million dollars to hoard coins to get an entry ticket, with a very direct purpose: first, to give TRON a sense of presence, and second, to get close to Trump, hoping to seize the opportunity when U.S. cryptocurrency policies loosen. However, some suspect that he deliberately raises the coin price, waiting for retail investors to follow suit before selling off to cash out, as these 'air coins' rise and fall entirely based on speculation, making it easy for ordinary people to get scammed.
The Trump family organizing this dinner is essentially a good business deal. The transaction fees from 'Trump Coins' can earn hundreds of millions, and inviting big players to dinner can not only stimulate the coin price to soar but also attract cryptocurrency voters, while creating an 'internationalized' image. However, this kind of openly priced political contact inevitably raises suspicions of quid pro quo.
For the cryptocurrency community, this incident may temporarily heat up 'Trump Coins', but the hidden dangers are significant. These types of coins that have no actual value have already caused 764,000 wallets to incur losses. Moreover, with Sun Yuchen embroiled in lawsuits, if he says the wrong thing at the dinner, the entire industry could face stricter regulation from the SEC. Ordinary people also resent this kind of 'buying political connections' operation, which only deepens the negative impression that the cryptocurrency circle is 'all tricks'.
With only 2 days left until the dinner starts, the price of 'Trump Coins' is already falling. In this power game of the wealthy, Sun Yuchen wants to leverage the situation to make money, the Trump family wants to cash in and get votes, and if ordinary investors follow suit, they are likely to lose everything. I advise everyone to just take a look at this kind of speculative coin, but definitely don't touch it!
