What happened last night? To wake you up as you just got out of bed, Bitcoin plummeted and rebounded, with various deities taking the stage. This is an interesting compilation behind the price fluctuations. (1) The rise and fall of the Korean crypto market. Last night, South Korea was under martial law, causing local cryptocurrency exchanges to suffer significant losses, dragging down the entire crypto market. During this period, Korean crypto and traditional financial markets suffered a heavy blow. Right after the ban was announced, FUD sentiment exploded. Specifically, Bitcoin experienced a sharp plunge: On the Korean exchange Upbit, Bitcoin's price dropped directly by 30% in a short time, falling to around $62,000. XRP suffered even more, with a brief drop of 60%, from $2.9 to $1.16.
② Upbit's excessive trading volume caused service interruptions: Due to a sudden surge in the number of traders, Upbit also announced that the Upbit application experienced delays and interruptions due to high traffic.
However, half an hour later, it basically pulled back all the way. It is said that during the crash on the Korean exchange, over $100 million rushed in to buy the dip, making profits on Bitcoin below $70,000 really appealing.
At the moment of the first drop on the Korean exchange, inscriptions started to activate, with Audi, sats, rats, pizza, etc., all seeing a rise of several points. It has now pulled back. The reason for the pullback is partly related to today's surge in tokens associated with Sun Ge.
(2) TRX surged 96% after Sun Ge's statement last night that 'everything is just beginning', TRX nearly doubled; from $0.23, it peaked at $0.45, and has now fallen back to $0.3822; the market capitalization of Tron has reached $33 billion, creating a new historical high, ranking 10th.
TRX = XRP
TRX > USD
Next time Sun Ge releases a formula, it needs to be taken seriously. The top three on the Euro Interest Growth List are TRX, JST, and NFT, all of which have a direct relationship with Sun Ge. TRX has steadily risen for six consecutive months, and even during the worst times, it remained relatively stable with a small drop.
I can only say that Sun Ge's tactics are impressive. No matter how many times he cuts, regardless of how much HT drops, the inscription market goes to zero, and the HECO chain goes to zero. No matter how many people curse him, as long as he pumps once every few years and stabilizes TRX, he can attract a large number of followers. Currently, with TRX's approach, it seems like it will harvest the market. Don't forget the power of Sun Ge's family bucket~
Can Sun Ge's project really work?
It can work!
When to act?
It’s best to wait until he finishes cutting a few batches of leeks, and then wait for a year or so when no one cares and there's no action. If you enter when he's at his peak, like now or in a couple of days, you will likely be stuck for a year or two. This is Sun Ge's routine, his method, mainly playing with human nature.
(3) The crypto circle version of OpenAI Palace Drama—$RSR exhibits a sewing machine K-line.
Previously affected by the news that 'Trump may nominate RSR advisor Paul Atkins as SEC chairman', RSR surged 90% in one day.
At 1:30 AM, Trump confirmed the selection of Paul as SEC chairman, and RSR surged 51% in a short time.
Subsequently, Paul expressed his unwillingness to accept the position, and RSR quickly retraced its gains.
Latest news: Paul still has a chance to be elected. RSR surged again to $0.027, current price $0.02196.
This back-and-forth tug-of-war, I would like to call it the 'Crypto Circle Version of OpenAI Palace Drama.' Those in the car are likely to be driven to mental exhaustion.
(4) BNB creates a new historical high
Waking up in the morning and seeing BNB at $760 made me think my eyes were playing tricks. Those who don't know would think the SEC chairman was not Paul Atkins but CZ. After a few months of competition with SOL, BNB also had its moment. Its current market capitalization is $109.1 billion, just 3% behind SOL, and to reclaim the fourth position, it needs to rise by 32 points (XRP dropping down is also a strategy).
