$ZEC Sun Ge’s “cycle-loan” real leverage rate is very high—at least 10x or more.
So the $70 million in the Trump family and the $50 million for Crystal Sun Jing Tian would basically be fatal for him; the underlying principal simply isn’t that much money.
Sun Ge’s U are used as collateral—borrowed from Binance using TRX. The better the market performs, the higher the interest on U investment. That means Sun Ge pays more interest. So the TRX price must not fall. If it drops, he has to repay U and reduce his positions. The underlying logic of the TRX/BTC exchange rate constantly moving opposite the market is right here.
As soon as Binance forces him to repay the U, Sun Ge will collapse immediately. So CZ is Sun Ge’s strictest father 😂
TRX has accumulated a large volume of profitable positions and believers.
Sun Ge has been controlling TRX for a reason that is actually to raise cash through collateral liquidation.
But if the believers and players start selling TRX, Sun Ge would have to use real money to step in and buy the dip.
Once TRX falls, his loans get liquidated. The domino effect would directly trigger a full blow-up.
All of Sun Ge’s actions are aimed at propping up the TRX price.
So the $70 million in the Trump family and the $50 million for Crystal Sun Jing Tian would basically be fatal for him; the underlying principal simply isn’t that much money.
Sun Ge’s U are used as collateral—borrowed from Binance using TRX. The better the market performs, the higher the interest on U investment. That means Sun Ge pays more interest. So the TRX price must not fall. If it drops, he has to repay U and reduce his positions. The underlying logic of the TRX/BTC exchange rate constantly moving opposite the market is right here.
As soon as Binance forces him to repay the U, Sun Ge will collapse immediately. So CZ is Sun Ge’s strictest father 😂
TRX has accumulated a large volume of profitable positions and believers.
Sun Ge has been controlling TRX for a reason that is actually to raise cash through collateral liquidation.
But if the believers and players start selling TRX, Sun Ge would have to use real money to step in and buy the dip.
Once TRX falls, his loans get liquidated. The domino effect would directly trigger a full blow-up.
All of Sun Ge’s actions are aimed at propping up the TRX price.