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Sun Yuchen's "Crypto Tycoon" persona has completely backfired this time!

What’s 3 billion dollars on the Bloomberg list? The real show is here—this guy holds over 60 billion TRX, accounting for 63% of the total supply, valued at a claimed 20 billion dollars.

Isn’t this just the blockchain version of "The Emperor's New Clothes"? Let’s expose this liquidity scam: 63% absolute control, the order book on exchanges is as thin as paper.

The so-called 20 billion valuation is like a second-hand house listed at 100,000 per square meter in a small county.

The buying depth is insufficient, the price is entirely determined by the manipulator's finger. If no one is buying, I can quote whatever I want, and if it doesn't trade, there is no pricing.

To be honest, if it weren't for Sun's poor character, I would want to get involved and see for myself, at least I wouldn’t worry about significant selling pressure. But this guy has a bad reputation, making him a potential source of the largest selling pressure! $TRX #TRX

This time, Sun Ge has transparently presented his asset situation to make it onto the Bloomberg cryptocurrency billionaire list. In addition to around $3 billion in BTC and ETH, he has revealed a staggering fact: he holds over 60 billion TRX, accounting for 63% of the total supply, worth approximately $20 billion.

It looks like this:

On the surface, TRON is a decentralized public chain with various nodes, ecological projects, and smart contracts;

But in reality, the vast majority of the coins are in the hands of Sun Ge alone.

In other words, this chain is economically highly centralized:

Price manipulation capability is extremely strong: theoretically, selling a portion could lead to significant market fluctuations, or he could use the coins to manipulate ecological voting and node elections.

Decentralization is virtually nonexistent: while technical nodes on the chain may be distributed, economic power is controlled by a single individual, and governance and decision-making are almost solely determined by him.

The risk is extremely high: if Sun Ge makes an operational mistake or faces forced liquidation or market panic, the TRX price could collapse instantly, leaving projects, users, and investors on the chain with almost no buffer.

So, what you refer to as a 'single-machine chain' is actually quite fitting: technically a public chain, but economically almost a private chain of Sun Ge. The concept of decentralization is essentially ineffective here.

Sun Yuchen said that going to space feels like an out-of-body experience, with muscles and skin separating. A 10-minute experience for 28 million. If you had the money, would you choose it? $TRX

Breaking News: The father of artificial intelligence in the United States, Sam Altman, faces strong resistance in China for his cryptocurrency project WLD
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$ETH $WLD