Sun Ge recently started broadcasting on Douyin. Sun Ge is a master in the cryptocurrency circle. It can even be said that Sun Ge is the top streamer in the cryptocurrency circle and the best KOL in the world. Why did he come to Douyin to do live broadcasting? It is not for transformation. Sun Ge is a cryptocurrency user. Most of his money is invested in the cryptocurrency circle. According to incomplete statistics, the assets held by Sun Ge’s public address have exceeded 4 billion US dollars. There are also some non-public addresses that have not been counted. Of course, it is also possible that it is all of Sun Ge’s assets, that is, Sun Ge deliberately showed off his assets to the cryptocurrency circle for marketing.

Brother Sun originally runs an exchange and also issues coins. He has issued dozens of coins. Brother Sun came to Douyin with the only purpose of traffic and increasing his popularity. Douyin has more than 600 million daily active users, so at least half of them are domestic cryptocurrency users. Huobi has now reopened registration for users from mainland China, so Brother Sun wants to let these people know and send a signal to them that Huobi is going to develop domestic users on a large scale. In addition, Brother Sun also wants to establish a personal image for everyone, that is, I am very rich and I am not short of money. Huobi users can use it with complete confidence. Even though Huobi’s funds were stolen a few days ago (it may be a false theft), Brother Sun also said that he will bear all the losses for the users.

How did Brother Sun show us specifically that he is rich?

Let's look at the house first. The house where Brother Sun lives is in the city center of Singapore. Brother Sun said that it is a place of tranquility amidst movement and noise. It has been on the cover of a magazine. It is luxuriously decorated and very large, with an area of ​​10,000 square feet. I checked through ChatGPT and the conservative estimate of the price of this house is over 20 million US dollars. This house is most likely Brother Sun's. If he rents it, it will be easily exposed by Huobi's black fans.

Obviously, a house worth 20 million US dollars is not enough to prove that Sun Ge is rich, so Sun Ge showed his artworks and noses. One of the paintings is a painting by Picasso, a work signed by Picasso, called Woman with a Necklace. This painting was bought by Sun Ge at the Christie's London auction in 2021. According to Sun Ge's original words: This work was the most expensive in the entire auction at that time. Sun Ge said he didn't remember how much it cost, about 20 million US dollars.

Then he introduced two people to a nose, which he bought for 78 million US dollars. Let me tell you, are these collections of Brother Sun fake? This possibility is not high. First of all, he has to bribe Christie's, which is the world's top auction house. Bribing Christie's and letting Christie's cooperate with Brother Sun is actually not cheap. If Brother Sun can do it, the funds required are likely to be more than 100 million US dollars. The value is more than 100 million US dollars.

He spent hundreds of millions to buy a work of art. He asked one of the most expensive artists in China, Zeng Fanzhi, to paint a picture for him. It is said that Zeng Fanzhi is the best-reputed and most expensive artist currently living in China. This artist is a very popular artist. Jack Ma, Feng Xiaogang and Andy Lau all learned painting from him. The painting hanging in Brother Sun's home is the same one as Andy Lau's.

It is normal for cryptocurrency exchanges to have their funds stolen. Binance has been stolen several times before, as have OK and Gate. And the bankrupt FTX was found to have been stolen before, but it was suppressed by FTX executives. They suffered a loss and did not release the news for fear of a run on users.

Binance’s two thefts were both from hot wallet addresses, which cannot be concealed because the hot wallet address is public and can be tracked and queried through on-chain data. For example, if you transfer 10,000 USDT to the address specified by Binance, you can quickly find out through on-chain data that the 10,000 USDT you transferred was transferred to its hot wallet address by Binance. Of course, the 10,000 USDT shown in your exchange balance remains unchanged, but Binance transferred it to you for security and convenient management.

Therefore, the theft of Brother Sun’s Huobi may have been hyped up by Brother Sun himself. In the future, in order to take advantage of the recent theft of Li Xiaolai’s project, Brother Sun is very good at leveraging traffic. He came to Douyin and found an internet celebrity with tens of millions of fans to cooperate with him. This internet celebrity is called Cai Loli, a cute little girl. Basically, those who like this girl are Brother Sun’s users, most of whom are men. At present, the number of likes for this video has exceeded 240,000, and the number of views (content posted by Loli’s account) is conservatively estimated to have exceeded 10 million. If Brother Sun contacts a few more internet celebrities and schedules a few episodes, it will be easy for the number of views to exceed 100 million.

After these new users get to know Brother Sun through Douyin, when they enter the cryptocurrency circle in the future, the first exchange they will most likely use will be Huobi, because the newcomers only know Brother Sun on Douyin, and they only know that Brother Sun is rich but don’t know that Binance’s Zhao Changpeng is rich. Moreover, when they know that Zhao Changpeng is also rich, they have already formed the habit of using Huobi, and the cost of changing exchanges is still quite high.

Therefore, Sun Ge’s purpose in coming to Douyin is to show off his wealth and endorse the exchange and all the coins he has issued.

I’m Brother Ming, I’ve been in the trading market for more than ten years. If you have any questions, please find Brother Ming. Welcome to chat with me. Choice is more important than hard work, and the circle determines your destiny!