A few days ago, Sun Yuchen made a big move again, acquiring SRM Entertainment, a U.S. publicly listed company, with 100 million USD, allowing TRON to go public on NASDAQ through a reverse merger. At 35 years old, he has become the helm of a listed company, truly embodying the phrase from eight years ago—"The measure of a person is how much money they make"—turning it into reality.

Speaking of Sun Yuchen's footprint in the crypto world, it’s indeed sizable. Since launching TRON in 2017, he’s been nonstop. That year, he raised $400 million through an ICO, though later faced the "9.4" ban, nearly causing the project to collapse, but a turning point came in 2019—Tether decided to issue USDT on the TRON network. This move essentially laid the foundation for 99% of TRON’s current market cap. Now, USDT transfers on the TRON network account for over 98% of the total on public blockchains, with daily on-chain revenue exceeding $2.1 million and annualized income reaching $770 million. TRON’s total market value now hits $34.52 billion, ranking among the top mainstream public chains worldwide.

Beyond the blockchain itself, Sun Yuchen has also invested heavily in trading platforms. In 2022, he acquired Poloniex, and later, through a Hong Kong asset management company, bought a stake in a well-known trading platform for $1 billion, becoming its actual controller. These two platforms now have substantial daily trading volumes, providing him with a steady "cash flow."

In the stablecoin sector, Sun Yuchen is even more deeply involved. USDD is a decentralized stablecoin he personally led, with a circulating market cap of $1.5 billion. There’s also TUSD, which, although not officially his asset, evidence suggests he holds significant control over it, with a circulating market cap of about $490 million. Plus, WBTC, wrapped Bitcoin (with a market cap of $9.48 billion), all serve as tools for him to leverage on-chain liquidity.

In 2018, he spent $140 million to acquire BitTorrent, launching the BTT token. Although it has fallen significantly from its all-time high, its current circulating market cap is still $318 million. Based on BitTorrent’s technology, he also built the DLive streaming platform, which once attracted top overseas streamers.

As an avid art collector, Sun Yuchen established the APENFT Foundation and an NFT trading platform, bridging traditional art with the NFT world. The platform’s token now has a market cap of $281 million.

All these add up to a core asset portfolio valued at over $43 billion. Interestingly, he recently warmed relations with the Trump family. He invested $75 million in the World Liberty Financial project and bought 1.43 million Trump coins, becoming its largest holder. It’s said that Trump only attended half an hour of a dinner event, with the second half almost turning into Sun Yuchen’s personal show.

Over the years, Sun Yuchen has faced numerous troubles in the U.S.—FBI investigations, SEC lawsuits, years of not being able to enter the country—but he always finds ways to turn things around. Now, with the Trump family’s backing, he seems to have found a new protective talisman. He even claims to be "the bridge of communication between the crypto industry and the President," showing confidence in the future.

Honestly, Sun Yuchen’s strategic combination—public chains, exchanges, stablecoins, cross-chain assets, NFT platforms, plus international political relations—almost connects all the key nodes of the crypto ecosystem. No matter what you think of him, he’s truly demonstrating what a "business empire" looks like through concrete actions.