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People on-chain are losing money, while the chain boss is putting on a lovesick act.
#Tron #Ledger
Attackers stole seed phrases using Ledger devices tampered with by Southeast Asian distributors. Around $70.5 million in USDT on the TRON blockchain was quickly laundered, accounting for 75.6% of the total losses in the incident. Tether later froze around $10 million, but the rest had already vanished into the shadows. Neither TRON’s official representatives nor Sun himself offered any compensation plan or systemic response.

This August, Sun sued jt to recover 30 million yuan in “bride price” and published a 6,000-character post revealing intimate details. After jt replied, “I won’t sell my soul for money,” Sun claimed, “She’s gone, so the lights have to be turned off.” It seemed like the matter was behind them. But in October, he brought it up again on a livestream, saying, “Even if I gave jt 5 billion or 50 billion, I still couldn’t keep her.” Netizens mocked him for “making up his own pig-butchering scam for attention.”

And so the contrast is striking: on one side, TRON users suffer huge losses after their hardware wallets were tampered with; on the other, Sun keeps chewing over a relationship whose lights had supposedly already been “turned off.” He recently also revealed that he even leaves major life decisions to AI. Yet when it comes to the very real financial losses in the TRON ecosystem, AI seems to have offered no advice—and he himself has chosen to stay silent.

Sun’s “lights” may indeed be off, but the hole left by those more than $70 million on the TRON blockchain is still wide open.

Upgrade delivered, ETF still running: SOL’s 150ms couldn’t buy a single cent!
#sol #solana

On October 21, the day Alpenglow went live on mainnet, SOL rose about 1.8% to around $108. Bitcoin rose about 2.2% over the same period. In other words, SOL’s gains basically moved with the broader market and did not show any excess return independent of the market. An event billed as “the biggest upgrade since The Merge” only managed to produce a move in line with the market on launch day, which suggests investors did not treat it as a short-term buy signal.

Data from CoinMarketCap shows that in Ethereum’s five major upgrades over the past period, four were followed by declines within 30 days of the upgrade, including a 13% drop after The Merge in 2022. In crypto markets, “sell the news” after a technical upgrade is not unusual, especially when the upgrade has already been priced in weeks or even months in advance.

The current consensus is that ETF capital inflows matter more than the upgrade itself. Analysts and trading desks are all watching the same signal: can the U.S. Solana ETF shift from net outflows to sustained net inflows? Market sentiment was clearly different when a single-day inflow of about $87 million came on September 25. Before the funding flow turns around, the technical tailwind from Alpenglow will struggle to support a sustained rally on its own.

Can the goal still be pursued?