Sun Ge’s first bucket of gold, earned by cutting the grain from someone else’s crops.
Post
大象哥哥
·
--
Justin Sun’s real first pot of gold came from XRP.
In late 2013, he joined Ripple Labs, becoming the first employee in Greater China, and publicly claimed to be the Chief Representative for China.
His job was very simple: to promote XRP to banks, payment institutions, and investors.
During that period, he accumulated the first truly meaningful capital of his life, and also made connections with the insiders that would later prove crucial to him.
With his Ripple China experience on his resume, he realized that in order to sell the coins, it was necessary to pump the price so that the “grass” would take the bags.
By 2017, when Ethereum had already gone mainstream, he decided to get personally involved in cutting the grass.
After directly copying the ETH code and launching TRX, he began to use his strengths in packaging and persuading.
He told everyone to lock the coins in a safe and not sell, and he even gathered a group of tall, attractive models to hold signs and walk the runway to promote TRX. When the “grass” saw the pretty models, they couldn’t even move.
At the same time, he pumped the price himself while secretly offloading. When someone noticed, he claimed that he was only moving wallets and that he hadn’t sold.
The most ironic part is that when TRX skyrocketed to its peak, he told the grass that everything was only just beginning.
He encouraged retail investors to keep holding. People who chased the price and bought at the top believed Sun’s words, and held on tightly waiting for him to pump.
As you can imagine, what they waited for wasn’t a rise, but a crash.
Today, I see many newcomers believing in Sun’s “academy.” In essence, it’s no different from the early believers in Sun the Cutter. I’ve already seen how it ends for them. In the future, what awaits them is most likely a huge loss when they exit the market.
In late 2013, he joined Ripple Labs, becoming the first employee in Greater China, and publicly claimed to be the Chief Representative for China.
His job was very simple: to promote XRP to banks, payment institutions, and investors.
During that period, he accumulated the first truly meaningful capital of his life, and also made connections with the insiders that would later prove crucial to him.
With his Ripple China experience on his resume, he realized that in order to sell the coins, it was necessary to pump the price so that the “grass” would take the bags.
By 2017, when Ethereum had already gone mainstream, he decided to get personally involved in cutting the grass.
After directly copying the ETH code and launching TRX, he began to use his strengths in packaging and persuading.
He told everyone to lock the coins in a safe and not sell, and he even gathered a group of tall, attractive models to hold signs and walk the runway to promote TRX. When the “grass” saw the pretty models, they couldn’t even move.
At the same time, he pumped the price himself while secretly offloading. When someone noticed, he claimed that he was only moving wallets and that he hadn’t sold.
The most ironic part is that when TRX skyrocketed to its peak, he told the grass that everything was only just beginning.
He encouraged retail investors to keep holding. People who chased the price and bought at the top believed Sun’s words, and held on tightly waiting for him to pump.
As you can imagine, what they waited for wasn’t a rise, but a crash.
Today, I see many newcomers believing in Sun’s “academy.” In essence, it’s no different from the early believers in Sun the Cutter. I’ve already seen how it ends for them. In the future, what awaits them is most likely a huge loss when they exit the market.