Speaking of the nickname “Sun Ge,” it is actually the result of the crypto market “voting with their feet.” This guy does have talent, but his methods have cost retail investors too much.

Let’s start with his growth record. Born in 1990, he was admitted to Peking University through special admission in 2007—this starting point already overwhelms most people. In 2011, he went to the U.S. for further study; in 2012, he made a big purchase of Bitcoin and earned 10 million within less than a year. Back then, nobody called him “Sun Ge.” Instead, he still had the vibe of a prodigy teenager.

The real turning point came in 2017. He founded TRON, and by using certain controversial methods (people outside said he copied code), he managed to turn the project into one of the world’s top three public chain networks. That alone shows his abilities shouldn’t be underestimated. But the operations that followed made the market see his true face.

2018 was the key year. When TRX was at a high point, he directly dumped 6 billion tokens, earning 12 billion in profit overnight. Only then did the market realize—every time he hyped up a project, attracted retail investors to rush in and buy, and waited until market sentiment hit its peak and buying orders were strongest, he started to dump everything. A perfect harvesting cycle. That’s how the nickname “Sun Ge” was born.

The later story got even more surreal. In 2019, he spent 30 million yuan to bid for a Buffett lunch, but he repeatedly failed to show up, turning the whole fiasco into a global spectacle. Yet he used the attention to keep cashing out TRX—more than 100 million yuan went straight into his pocket, and he successfully broke out of the circle. In 2022, to avoid risks, he spent $1 million to buy Grenada citizenship, and even became a diplomatic ambassador, gaining diplomatic immunity.

To this day, his legend continues. But the problem is: why does whatever he hypes now end up going down? The reason is simple—the market has already seen through him. Retail investors have lost their trust and will no longer be left holding the bag in his stories. That’s the most ironic part of “Sun Ge”: once a gifted trader, he is now an object the market collectively guards against. It’s not that he has no ability, but that trust—once lost—is very hard to pick back up.