Sun Yuchen: A figure of controversy and wealth intertwined in the cryptocurrency world.
On the stage of the cryptocurrency world, Sun Yuchen's experiences resemble a chapter filled with legendary color yet rife with controversy.
Sun Yuchen, born in 1990 in Qinghai, entered college in 2007 through Peking University's lowered admission standards. His academic beginnings were seen by some as a story template for the 'three-tiered school underdog's comeback.' In 2011, he went to the United States for further study, fortunately receiving funding from Chen-Ning Yang. The year 2012 became a pivotal turning point in his life. After entering the Bitcoin investment field, he quickly earned tens of millions, successfully accumulating initial capital and embarking on his journey of dreams in business and the cryptocurrency world.
In 2014, leveraging his study abroad experience, he carefully crafted a series of dazzling virtual titles such as 'Buffett Alumnus,' 'Outstanding Graduate of the University of Pennsylvania,' 'Tesla Investor,' 'Holder of 1,000 Bitcoins,' and 'President of Ripple Greater China.' These titles were like layers of halos surrounding him, winning him much attention and resources in business socializing and cryptocurrency activities. In 2015, he successfully joined the first cohort of students at Hupan University, being the only person born in the '90s, and earned the title of 'Jack Ma's Youngest Disciple.' That same year, he was honored to be selected for Forbes' 30 Under 30 Entrepreneurs list, dramatically increasing his visibility and influence in the business field.
In 2017, Sun Yuchen launched the TRON project, but its public chain was mired in a swirl of plagiarism allegations. Despite this, TRON still rose amidst market waves to become one of the top three public chains globally. In 2018, he sold 6 billion TRX at a high price, netting an astonishing profit of 12 billion overnight. This shocking move earned him the nickname 'One Sun Cuts,' likened to the 'Jia Yueting of the cryptocurrency world.' He then quickly moved to the United States to operate TRON. As a major private holder of Ethereum, his asset scale exploded, skyrocketing from tens of millions to hundreds of billions, becoming a typical representative of the wealth myth in the cryptocurrency world.
In 2019, Sun Yuchen bought a lunch with Buffett for a sky-high price of 30 million yuan. What should have been a highly anticipated business exchange turned into a globally watched farce due to his repeated no-shows. This incident not only successfully brought him into the spotlight, making him a focal topic of public opinion, but also left a poor impression on Buffett and created a certain negative impact on the image of Chinese entrepreneurs. During this period, he also crazily cashed out TRX, making profits of up to several hundred million yuan, which sparked much controversy and skepticism regarding his business practices. In 2022, to evade U.S. sanctions, he spent 100 million dollars to obtain Grenadian citizenship and took on the role of a diplomatic ambassador, cleverly using diplomatic immunity to build a 'safety line' for himself, while actively meeting with representatives from Singapore, Russia, the EU, and others, continuing to expand his business landscape and influence on the international stage.
Now, at just 33 years old, Sun Yuchen has already entered the ranks of the wealthy, regarded as a 'legend' in the cryptocurrency world. He even ambitiously claimed he would participate in the U.S. presidential election. His future development direction and business layout remain full of endless suspense and variables, while his legendary stories and controversial actions in the cryptocurrency world will continue to be a focus of people's attention and discussion.