Sun Yuchen spent 20 million dollars hoarding 'Trump coins' just to have a meal with the old man! As a result, he showed up for 47 minutes, then left, without mentioning a word about crypto policy. He just handed everyone an electronic watch (engraved with 'Make Crypto Great Again'). Brother Sun's carefully prepared 'blockchain governance plan' never got the chance to be revealed, pure foolishness!
How money goes down the drain
Brother Sun has 1.43 million coins in hand, bought at an average of 38 dollars each, now dropped to 14 dollars, losing 90 million RMB on paper alone! This doesn't even account for the 8 million dollars he secretly funneled to the exchange to support the market, similar to plugging a leaking boat.
Just as the old man left, on-chain data exploded: the market maker dumped 500,000 coins to Binance overnight, and the trading depth collapsed from 3 million dollars to 270,000 dollars (equivalent to having only two vegetable sellers left in the market). Brother Sun's team frantically spread coins to support the market, but the more they tried to prop it up, the more it fell.
This year, 94% of the 127 politician coins have gone to zero! The Trump coin is still considered 'sturdy', but its trading volume plummeted by 95% in 30 days, resembling ghost town shops, listed at prices no one buys. In the crypto circle, million-dollar dinners are 97% just scams! With that money, it’s better to buy a lottery ticket; the chances of winning might be higher. The MAGA concept coins are not appealing to Americans, with less than 13% interest! 80% of the bag holders are Asian compatriots; Brother Sun has truly mastered the 'backstab your fellow countrymen' play.
Looking back now, Brother Sun spent 20 million dollars to exchange for three things: an electronic watch, a photo with the old man, and the title of the annual joke champion in the crypto circle.
Brother Sun's little brother is secretly transferring coins to the exchange, probably about to cut losses! Dare to share how much you lost in celebrity coins in the comments?
Opportunities are fleeting, a correction is imminent, bottom-fishing for spot assets, and huge profits from altcoins are waiting for you! Doubling your money is not a dream; tap on the avatar to follow me, and let's enjoy the bull market feast together.
$TRUMP
#特朗普晚宴 #加密市场回调
