On the evening of July 24, the bell rang at the Nasdaq in New York – that man who released Buffett's dove stormed into the main board of the US stock market with his TRON (TRX)!

Sun Yuchen, the most disruptive 90s kid in the crypto world, turned a loss-making toy factory (SRM Entertainment) that sold 'Smurf water bottles' into a new battleship of crypto capital. A shell company that lost 4.34 million last year became a skyrocketing stock with a 647% surge in his hands!

💠 Ten years of entrepreneurship, from ridicule to a net worth of 10 billion.

Sun Yuchen's business trajectory has always hovered at the center of controversy and traffic vortex...

In 2013, he returned to China as the 'Chief Representative of Ripple Labs Greater China,' founded Ripple Technology backed by IDG Capital, and self-proclaimed 'disciple of Jack Ma' to become one of the first students at Lakewood University. This marketing combination of 'hitching a ride on giants' was met with skepticism from the industry about exaggerating partnership identities, but it laid the groundwork for his original gene of 'rising by leveraging others.'

In 2017, Sun Yuchen entered the ICO frenzy with TRON, raising funds with 7,000 bitcoins (worth 200 million at the time), but was directly criticized by Vitalik for the white paper's 'TRX copy-paste efficiency far exceeding originality.'

After China halted ICOs, he was dubbed 'the Jia Yueting of the crypto world' for delaying coin refunds. After moving overseas, he sold 6 billion TRX for 12 billion, causing a 20% drop in coin prices in a single day. Nevertheless, he transformed controversy into traffic code – in 2019, he bought a high-priced lunch with Buffett but canceled last minute, completing a tenfold traffic harvest amidst global ridicule, perfectly illustrating the survival philosophy of 'black-red is also red.'

This traffic game has evolved more aggressively at the capital level. In 2025, Sun Yuchen's reverse merger was a masterclass in precision: a $100 million cash purchase of SRM equity (essentially a self-financing cycle for TRON), with an additional 220 million warrants that, if fully exercised, would skyrocket the total transaction value to $2.1 billion, instantly transforming the shell company into a crypto flagship.

What is even more intriguing is the dark capital line behind it: the operating investment bank Dominari Securities is advised by Trump’s two sons, who invested $75 million in the Trump Coin project, bringing a gold watch to a crypto dinner as a 'donation,' which resonates subtly with the SEC lawsuit suspension. He was once sued by the SEC for market manipulation but ultimately opened the door to Nasdaq through resource networks rather than technology, turning 'compliance' into an art of resource integration.
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💠 Conclusion

You can say Sun is shameless, but you can't say he’s incompetent.

From identity packaging in the Ripple era to 'black-red marketing' in the TRON period, and then to capital maneuvering for Nasdaq listing, Sun Yuchen used a logic of 'controversy as fuel' to complete a decade-long gamble in the gray area of cryptocurrency and capital markets, driving the ambition engine toward further unknown territories.

#TRX #波场 #纳斯达克