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There's something I've been wanting to talk about. Recently I saw Brother Sun appear in the news again, and I couldn't help but think of his $6.2 million banana bite. At that time, the whole world was watching him perform what is called "artistic experience," but I think true art is—he attracted global attention with a banana. This person is called Sun Yuchen, known in the crypto world as "Sun割" (Sun Cut).
Speaking of Brother Sun's rise to wealth, I have to admit he's indeed clever. He graduated first in the history department at Peking University, then went on to study in Pennsylvania, and made his first hundred million through Bitcoin. In 2017, he created Tron (TRX), raising 600 million RMB. But here’s where it gets interesting—on the second day after fundraising was completed, seven government ministries issued a notice to stop issuing virtual currencies. Brother Sun was in Korea at the time, and during a live broadcast, he insisted "not to refund the coins," then his office was empty, and he flew to San Francisco. Since then, the nickname "Crypto Jia Yuet Ting" (a play on Jia Yuet Ting, a notorious scammer) has followed him.
When Tron launched, it was just 1 cent, and within two months, it rose to 2 yuan, a 200-fold increase. It looked like retail investors all made money, right? But the problem is, over 50% of Tron tokens are concentrated in one account. The whale (major holder) injected 200 million Tron tokens daily, cashing out 12 billion RMB in half a month. This is the game Brother Sun plays—buy, announce good news, sell, repeat. Throughout the process, only one person always profits without losing—it's the whale.
Later, Brother Sun’s layout became even more interesting. In 2022, he became a WTO ambassador with Grenadian citizenship, was appointed acting Prime Minister by a micro-nation, and invested 30 million USD in Trump’s decentralized finance projects. Every step was precisely designed like setting up a persona, with one goal—drawing in the money from naive investors.
But here’s a question worth pondering. Bitcoin, by nature, is just an algorithm, with no physical backing behind it. Warren Buffett directly said it "has no value." In 2009, Bitcoin was only $0.0016, rose to $1,700 in two years, then plummeted to $0.01 within half a year, causing countless people to lose everything. The intangible will ultimately return to nothing.
Why does Bitcoin still have such high value? Because it’s hard to trace and verify. Hackers demand Bitcoin for ransom, drug dealers want Bitcoin, and transactions that don’t want regulation all prefer Bitcoin. That’s where its real value lies.
Finally, I want to say that Brother Sun’s success might be replicable, but the person copying him definitely won’t be you. If you don’t understand something, it’s best not to get involved. Remember, greed is the true name of money.