"Blockchain Ultraman" singled out "Financial Godzilla": Sun Yuchen wants to be the night watchman of the currency circle
On April 2, 2025, Sun Yuchen once again appeared on the hot search in the currency circle.
According to CoinDesk, Justin Sun provided key funding support to stablecoin TrueUSD (TUSD) as it faced a near-$456 million shortfall in reserves, avoiding a potential "burst" (i.e., the risk of the stablecoin losing its 1:1 peg to the U.S. dollar).
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TRON founder described to Hong Kong media outlet Sing Tao Daily in his usual high-profile and dramatic style: "Godzilla destroyed the city, I am Ultraman, and I beat Godzilla away with one palm, so I am a person who has come to save everyone."
In this turmoil, Sun Yuchen not only hardened the shady FDT financial fraud, but also pointed out regulatory loopholes, calling on Hong Kong's financial regulators and law enforcement agencies to intervene and reconstruct the trust system and the supervision system of licensed companies. His insistence is not only to fight for himself, but also to speak for the future of the entire currency circle, "These assets are public funds, and in order to protect the public interest and maintain Hong Kong's reputation as an international financial center, I have decided to provide liquidity support." I am shocked at the scale of the fraud, but I also feel more responsible. Scammers must be severely punished by law. "
The world of cryptocurrencies is like an endless adventure. When the stars soar, the sea is full of devastation. But there are always people who light lamps in troubled times, and Sun Yuchen is one of the "night watchmen" - in the interweaving of ideals and reality, he interprets with actions: In troubled times, there are both feelings and ambitions.
Ethereum's battle of faith: Twice stubbornly defending
Sun Yuchen's entanglement with Ethereum is like a tug-of-war of faith.
On May 19, 2021, the currency circle was full of mourning, Bitcoin fell below 31,000, and Ethereum fell below $2,000. Justin Sun's 606,000 ETH hangs by a thread on Liquity Protocol, and it is only 2 minutes away from being liquidated. He threw $300 million to pay off his debts, blocked the scythe of liquidation, and threw another $280 million to buy 54,000 ETH and 4,145 BTC.
He wrote on Weibo: "The funds are safe, but there is indeed a moment when the bullet passed my scalp, making me break out in a cold sweat, I didn't expect the needle to come so fiercely."
At that moment, he claimed to have "successfully saved the currency circle", and his tone was full of shocking confession and pride for the rest of his life. This is not a simple transaction, but a person's stubborn adherence to faith - not only to protect his position, but also to keep that faint flame for people in the currency circle.
In the new round of market in 2024, Ethereum's performance will be weak, and Sun Yuchen will be on the cusp again due to his huge ETH holdings. Rumors in the community: losses, shorting, liquidation...... However, he incarnated as an ecological builder and threw out a bold idea: if he took the helm of the Ethereum Foundation, he could promote price growth.