Recently, I’ve been thinking about a question: why does the market start taking the opposite actions as soon as certain people make moves? I believe there’s a very interesting story behind it.

As for the nickname “Sun Ge,” it actually reflects a very realistic phenomenon in the circle. This person was born in 1990, was admitted to Peking University through special consideration in 2007, and later went to the United States for further study. In 2012, he bought a large amount of Bitcoin. In less than a year, he made 10 million yuan. From this phase alone, it’s clear he had a sharp sense and seized early opportunities.

But what truly made his name soar was a series of operations that came afterward. In 2015, he entered the first cohort of Lakefront University and became one of Jack Ma’s younger disciples. In 2017, he founded the Tron public chain. The project later ranked among the world’s top three public chains. However, there are some controversies here, and people have been discussing issues related to the code.

What really made him amass a fortune happened in 2018. He sold 6 billion TRX at a high point, earning 12 billion yuan overnight. And it was because of this that the nickname “Sun Ge” was set in stone. After that, he continued operating Tron and also became one of Ethereum’s major whales, with his assets growing from 10 million yuan to 10 billion yuan.

The farce of the 2019 auction for a Buffett lunch further ignited public opinion. He spent 30 million yuan to buy the opportunity, and then repeatedly stood people up. The incident became a sensation worldwide. Interestingly, at the very peak of the hype, he started cashing out TRX wildly, with trade volume exceeding over 1 billion yuan. You could say his timing was extremely precise.

In 2022, he spent $1 million to purchase Grenada citizenship, obtaining the status of a diplomatic representative and immunity. Looking back now, it seems every step this person took was carefully calculated.

Now you understand why the market starts thinking in the opposite direction as soon as “Sun Ge” makes a move, right? Because this person’s operating logic is very clear: first create hype, and then when market sentiment is high and follow-on buyers swarm in, he begins to sell everything off. After finishing the “harvesting,” what’s left behind are retail investors’ losses and their distrust of him.

So, in the crypto world, this person’s operations really are “genius,” but for retail investors, that kind of “genius” operation means repeatedly getting “Sun Ge’d.” Once trust is gone, the market naturally won’t buy his story anymore.