I just saw someone discussing why his pump causes crashes, and the story behind it is actually worth dissecting.

Speaking of this person, the nickname "Sun Ge" given to him by the market already says it all. This nickname is not unfounded—back in 2018, he sold 6 billion TRX in one go at a high point, making a profit of 12 billion overnight. At that moment, the nickname was officially born.

But if you only look at this one event, you really can't understand why every move he makes now triggers market resentment. You need to look back at his background. Born in 1990, he was admitted to Peking University with special consideration in 2007, and went to the U.S. for further studies in 2011. In 2012, he started buying Bitcoin heavily, earning 10 million in less than a year. That timing is crucial—he really saw the right direction.

In 2015, he became the only post-90s student in the first batch of Lakehead University, and at that time, his identity was quite special. Two years later, in 2017, he founded TRON, which later became one of the world's three major public blockchains. Honestly, in terms of investment vision and execution, this person definitely has some skills.

But where is the problem? It lies in his operational model. Every time he manipulates a project or a coin, market sentiment gets stirred up, retail investors follow the trend and buy in, and the hype gradually builds. When it reaches a high point and market participation peaks, he starts dumping everything. Completing the harvest, then walking away completely. He has repeated this cycle several times.

The 2019 Buffett lunch drama is a typical example. He bid 30 million yuan for the lunch, then repeatedly canceled, causing a sensation worldwide. He became the first to play tricks on the stock god. But what was his real purpose? Riding on this hype, he aggressively cashes out TRX, with over 100 million yuan just out of the circle.

By 2022, to avoid certain risks, he spent $1 million to buy Grenada citizenship and even became a diplomatic ambassador there. He was only 33 at the time, but his "achievements" in the crypto circle are already quite legendary.

So why does the market now refuse to buy his story? Simply put, trust has broken down. Retail investors have seen through this pattern: he is not promoting project development but using market sentiment to repeatedly harvest. Every time he appears behind a project, the market reacts cautiously.

Gotta admit, from an operational perspective, this person is truly a genius in the crypto world. But for retail investors, he represents that kind of precise harvesting opponent. Once trust is lost, no matter how many stories he tells, it’s hard to reignite market enthusiasm. That’s also why whenever he moves now, the market starts to react in the opposite direction.