Recently, I saw someone discussing the topic of Sun Ge again, saying that the market started to decline on the day he livestreamed eating an exorbitant amount of bananas. This is actually no coincidence; the market has long since figured out his tricks.

Speaking of the nickname Sun Ge, it has to start with his rise to fame. This guy is indeed exceptionally clever, born in 1990, and was admitted to Peking University through special admission in 2007, later studying abroad in the United States. In 2012, he bought a large amount of Bitcoin, earning 10 million yuan in less than a year. But what truly made him famous worldwide was the creation of Tron in 2017.

The Tron project became one of the top global public blockchains right after its launch, but the key moves came later. In 2018, he sold 6 billion TRX tokens at a high price, cashing out 12 billion yuan overnight. This move earned him the nickname "Sun Ge," which literally means "cutting leeks," implying he was harvesting profits from retail investors.

The story that followed is even more outrageous. He flew to the United States to continue operating Tron, and by the way, became one of Ethereum’s major whales, with his wealth rising from 10 million to 10 billion yuan. In 2019, he spent 30 million yuan to buy a lunch with Warren Buffett, but he repeatedly canceled, which became known worldwide. But he didn’t sit idle; riding on this hype, he cashed out over 100 million yuan worth of TRX, successfully stepping into the mainstream. In 2022, to avoid trouble, he spent $1 million to buy Grenadian citizenship and even became a diplomatic ambassador, gaining immunity. Now only 33 years old, his legend continues.

But that’s where the problem lies. Every time Sun Ge makes a move to hype up the market, investor sentiment is stirred up, and retail investors follow suit, pushing prices higher. When the sentiment reaches its peak, he begins to sell off all his holdings, completing the harvest. This cycle has repeated too many times, so now, whenever he acts, the market starts to decline.

It must be said that from an operational perspective, Sun Ge is indeed a genius in the crypto world. But for most retail investors, this is not good news. Once trust is lost, it’s very hard to rebuild. That’s also the real reason why everything he’s involved in now crashes after hype.