When people mention Justin Sun in the cryptocurrency circle, their first impression is often "Brother Sun" or "Sun Ge", because many people have been cut by him. However, what you may not know is that Justin Sun has more labels than these. He is a graduate of Peking University, a master of law from the University of Pennsylvania, the founder of TRON, the actual controller of Huobi Exchange, the winner of Buffett's lunch, and a representative of the United Nations and the World Trade Organization...

Each label, taken alone, is enough for an ordinary person to brag about for a lifetime.

Sun Yuchen's childhood was not happy. He was born in Xining, Qinghai in July 1990. He moved to Guangzhou, Shenzhen and other places when he was a few years old, and finally settled in Huizhou. His first appearance was in the National New Concept Essay Competition. In order to get a good ranking, Sun Yuchen studied the winning essays of previous years. After participating four times, he finally won the first prize. This award won him the opportunity to be admitted to Peking University with a reduced score.

After entering Peking University, Justin Sun first studied in the Chinese Department and then transferred to the History Department. During his time at Peking University, he published many papers, attracted tens of thousands of fan letters from all over the country, and became a campus celebrity. Later, he became an exchange student at the Chinese Department of the University of Hong Kong. After completing the history course at Peking University, he was admitted to the Law Department of the University of Pennsylvania in 2009 and obtained a master's degree.

While in the United States, Sun Yuchen met Li Xiaolai, an early Bitcoin investor. Li Xiaolai met Sun Yuchen through a friend and guided him into the blockchain industry. Sun Yuchen did not invest directly in Bitcoin, but chose Ripple (XRP), which was worth only $0.0002 at the time and later rose to $1.5, appreciating tens of thousands of times. He also invested in Ethereum (ETH), earning thousands of times the profit, and is still one of the largest holders of ETH.

Although investing in other people's projects made a lot of money, Justin Sun was not satisfied. Later, he co-founded TRON with four other blockchain enthusiasts, officially starting his "Sun-cutting" journey. Among the five founders, only one understood technology, while the others were good at marketing, especially Justin Sun. His marketing talent soon brought the first wave of investment to TRX: 600 million RMB. Through multiple rounds of financing and token issuance, TRX brought Sun Justin Sun at least 2 billion RMB in revenue.

In 2017, Chinese regulators banned all forms of virtual currency financing, and the cryptocurrency market plummeted. Sun Yuchen moved overseas to the United States, Singapore, the United Arab Emirates, and finally settled in Grenada. TRX became the country's legal currency, and Sun Yuchen also became the country's representative at the United Nations and the World Trade Organization.

In 2019, Justin Sun spent more than 30 million RMB to bid for a lunch with Buffett. This was originally a big controversy, but Justin Sun took the opportunity to postpone the lunch time several times, repeatedly used hot marketing, and finally realized the lunch meeting in 2020 and made a lot of money from it.

In 2022, Justin Sun acquired Huobi Exchange, which was once ranked among the top three digital currency exchanges in the world, and renamed it Huobi Exchange. However, this name change was not recognized by all users. In February 2023, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Huobi and Justin Sun, and the challenges continued.

Despite the constant controversy, Sun Yuchen also carried out a lot of charity activities after his success. He bought back the heads of the twelve Chinese zodiac animals and donated them to the Hope School. As a post-90s generation, Sun Yuchen is undoubtedly successful.

Justin Sun's story is full of legends and controversies. His success is not only due to his excellent education and intelligence, but also to his keen grasp of market opportunities and extraordinary marketing ability. However, in the ever-changing world of the cryptocurrency industry, Justin Sun is constantly facing new challenges and risks. His experience provides us with a profound lesson: in the process of pursuing wealth, we must remain sober and cautious.

 

The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!

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