As the heat in the cryptocurrency market continues to rise, on June 4, 2025, Sun Yuchen, the founder of TRON, made a statement on Twitter that was like a stone thrown into a calm lake, creating ripples in the investment circle. He claimed that it is not far-fetched for ordinary people to accumulate $10 million in wealth through cryptocurrency investment, and that there is almost no risk involved; the only thing to be cautious about is the management of private keys.
From the market data, the timing of Sun Yuchen's remarks is quite subtle. Around 10:00 UTC that morning, the trading price of Bitcoin (BTC) on major exchanges such as Binance was about $68,500, with a 24-hour trading volume of up to $32 billion; while the price of TRON (TRX) was $0.115, with a daily trading volume of $410 million. At that time, retail interest in the cryptocurrency market was high, with Google Trends data showing a significant surge in searches for 'how to buy cryptocurrency' over the past week. Meanwhile, the NASDAQ Composite Index rose 1.2% on June 3, 2025, closing at 17,200 points, indicating an increase in risk appetite, a trend that is usually closely related to the movements in the crypto market.
Sun Yuchen's remarks had an immediate impact on the market. From the trading data, TRX's price rose by 3.5% within 12 hours of the tweet being published, climbing from $0.111 to $0.115. The trading volume of TRX/USDT and TRX/BTC pairs surged by 15% on Binance and Huobi, reaching $480 million. In terms of technical indicators, as of June 4, 23:00 UTC, the daily RSI for TRX was 62, which, while close to the overbought region, still indicates some room for upward movement. On-chain data (Glassnode) also shows that the number of active addresses on TRON increased by 8% in the past 48 hours, reaching 2.1 million, reflecting an increase in network adoption.
The connection between the cryptocurrency market and traditional financial markets is becoming increasingly tight, as evidenced by the performance of the stock market. The S&P 500 Index rose 0.8% to 5,300 points on June 3, with institutional funds flowing into Bitcoin ETFs reaching $200 million, indicating a growing correlation between traditional finance and crypto assets. For traders, the performance of crypto-related stocks like Coinbase (COIN) can also serve as a reference indicator of market sentiment. On June 3, Coinbase's stock price rose 1.5% to $245. However, traders also need to be cautious about the potential impact of stock market volatility on crypto assets, as the interconnectedness between the two may pose certain risks.
Sun Yuchen's viewpoint undoubtedly points investors towards what seems to be an enticing path to wealth, but it also emphasizes the importance of private key management. As the core guarantee for the security of crypto assets, once a private key is lost or leaked, investors may face significant losses. Therefore, it is crucial for cryptocurrency traders to develop a comprehensive private key management strategy. In the pursuit of wealth appreciation, investors need to carefully weigh the risks and rewards, ensuring that they seize the opportunities presented by the cryptocurrency market while maintaining security.
