Sun Ge's "heroic" declaration and the market turmoil caused by Germany's BTC transaction

Recently, Sun Yuchen has once again become the focus of the cryptocurrency community. He publicly expressed his willingness to negotiate with the German government to purchase up to $2 billion in Bitcoin through over-the-counter transactions in order to "minimize" the impact on the market. This move has once again triggered widespread discussion and speculation in the market, and people have speculated on the seriousness of Sun Yuchen's remarks.

Earlier on the day when Sun Yuchen made his statement, the German government transferred $75 million worth of BTC to exchanges, which unexpectedly exacerbated market turmoil and caused BTC prices to fall by about 5% again. This is not an isolated case. In the past two weeks, the German government has carried out similar operations many times, totaling hundreds of millions of dollars, further exacerbating the sensitivity and uncertainty of the market.

Sun Yuchen, the founder of the Tron project, always seems to try to step up in some way and become the "savior" of the market during turbulent times. Although the specific implementation details and sincerity of his purchase plan announced on Twitter have yet to be verified, it is enough to stir up waves in the crypto community.

It is worth noting that Sun Yuchen and his associated crypto wallets do hold assets worth more than $1 billion, a fact that undoubtedly adds some credibility to his "feat". However, in the face of the market's continued bearish sentiment and some of his past high-profile behaviors, investors are still cautious about Sun Yuchen's plan.

At the same time, a wave of "following the trend" has emerged in the market. Some project parties have taken this opportunity to hype their own memes, some have expressed their willingness to donate small amounts of funds to show support, and some have volunteered to undertake negotiation tasks. There are also some cryptocurrency projects with lower market capitalization that directly copy Sun Yuchen's tweets to try to increase their popularity.

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