At 2 p.m., in the office, my colleague suddenly poked his head in and asked me: “Do you know that TRX? They say Brother Sun holds more than 60% of the coins.” I said, “So what you’re saying is that whenever he wants to, he can just buy or sell?” He said, “That’s right, so it’s stable.”
After hearing that, I quietly raised an eyebrow at the logic in my mind.
TRX’s size is indeed outrageous—Brother Sun holds 60 billion coins and still has the upper hand standing there. This structure is like you and a buddy co-renting an apartment: 70% of what’s in the fridge belongs to him. Is the fridge stable? When the power is on, it’s rock-solid. But on the day the fridge loses power, you can’t even eat instant noodles.
The upside is clear: as long as Brother Sun isn’t planning to cash out and leave, it’s hard for the market to have major problems, and when it drops, it’s not easy to crash into a full-on nosedive.
The downside is also obvious: the entire trend is tied to a single person, and nobody is suitable to cover the gap with a different exit strategy. The day he moves, the whole market has to make way.$TRX
After hearing that, I quietly raised an eyebrow at the logic in my mind.
TRX’s size is indeed outrageous—Brother Sun holds 60 billion coins and still has the upper hand standing there. This structure is like you and a buddy co-renting an apartment: 70% of what’s in the fridge belongs to him. Is the fridge stable? When the power is on, it’s rock-solid. But on the day the fridge loses power, you can’t even eat instant noodles.
The upside is clear: as long as Brother Sun isn’t planning to cash out and leave, it’s hard for the market to have major problems, and when it drops, it’s not easy to crash into a full-on nosedive.
The downside is also obvious: the entire trend is tied to a single person, and nobody is suitable to cover the gap with a different exit strategy. The day he moves, the whole market has to make way.$TRX
