Sun's troubles are only a matter of time; this additional 1.8 billion dollars probably won't last a few days. The next target of Jewish capital is absolutely him; escaping the first day won't help him escape the fifteenth.
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Sun Yuchen narrowly escaped a 6.4 billion positions liquidation crisis, rewriting fate in two minutes
According to social media reports, Sun Yuchen, the founder of TRON, almost faced a liquidation crisis with 606,000 ETH (worth approximately 6.4 billion RMB) held on the Ethereum lending platform. At a critical moment, he quickly added 1.9 billion RMB worth of stablecoins as collateral under the reminders of colleagues and industry friends, successfully avoiding this massive liquidation event that could have triggered market turbulence.
This top student from Peking University's History Department and winner of the New Concept Writing Competition First Prize announced immediately on social media that he had used 1.8 billion funds to buy the dip in Ethereum and Bitcoin after the crisis was resolved. According to his trading records, as of 11 PM on May 20, this investment had realized an approximate paper profit of 300 million.
Sun Yuchen's journey in cryptocurrency investment is quite legendary. Starting from his time at the University of Pennsylvania, he ventured into Bitcoin investment, and now, as the head of TRON (TRX) with a market value of about 40 billion, every step he takes is closely watched. Although the price of TRON has recently dropped by 25% in a week, this successful resolution of the liquidation crisis once again demonstrates his keen market intuition.
Dramatic moment: Two minutes rewrite fate
According to well-known Twitter user Philippe Castonguay, the lending platform LiquityProtocol was just two minutes away from liquidating Sun Yuchen's 606,000 ETH. At this critical moment, Sun Yuchen quickly injected 300 million dollars in stablecoins, successfully resolving the crisis. The founder of a well-known Chinese mining pool, Shenyu, commented: "If Ethereum drops another 100 dollars, it might break the 1000 dollar mark tonight."
The reporter noted that during the market turbulence on May 19, Ethereum's price fluctuation far exceeded that of Bitcoin, and Sun Yuchen's leveraged position happened to be in Ethereum-related assets. LiquityProtocol, as a decentralized lending platform based on the Ethereum network, is headquartered in Zug, Switzerland, providing interest-free loan services priced in LUSD (stablecoin pegged to the dollar), with a minimum collateral ratio of 110%.
Crisis management highlights trading wisdom
According to social media reports, Sun Yuchen, the founder of TRON, almost faced a liquidation crisis with 606,000 ETH (worth approximately 6.4 billion RMB) held on the Ethereum lending platform. At a critical moment, he quickly added 1.9 billion RMB worth of stablecoins as collateral under the reminders of colleagues and industry friends, successfully avoiding this massive liquidation event that could have triggered market turbulence.
This top student from Peking University's History Department and winner of the New Concept Writing Competition First Prize announced immediately on social media that he had used 1.8 billion funds to buy the dip in Ethereum and Bitcoin after the crisis was resolved. According to his trading records, as of 11 PM on May 20, this investment had realized an approximate paper profit of 300 million.
Sun Yuchen's journey in cryptocurrency investment is quite legendary. Starting from his time at the University of Pennsylvania, he ventured into Bitcoin investment, and now, as the head of TRON (TRX) with a market value of about 40 billion, every step he takes is closely watched. Although the price of TRON has recently dropped by 25% in a week, this successful resolution of the liquidation crisis once again demonstrates his keen market intuition.
Dramatic moment: Two minutes rewrite fate
According to well-known Twitter user Philippe Castonguay, the lending platform LiquityProtocol was just two minutes away from liquidating Sun Yuchen's 606,000 ETH. At this critical moment, Sun Yuchen quickly injected 300 million dollars in stablecoins, successfully resolving the crisis. The founder of a well-known Chinese mining pool, Shenyu, commented: "If Ethereum drops another 100 dollars, it might break the 1000 dollar mark tonight."
The reporter noted that during the market turbulence on May 19, Ethereum's price fluctuation far exceeded that of Bitcoin, and Sun Yuchen's leveraged position happened to be in Ethereum-related assets. LiquityProtocol, as a decentralized lending platform based on the Ethereum network, is headquartered in Zug, Switzerland, providing interest-free loan services priced in LUSD (stablecoin pegged to the dollar), with a minimum collateral ratio of 110%.
Crisis management highlights trading wisdom
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