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Tron Coin fell 7% in 1 hour! After founder Sun Yuchen let Buffett "pigeon", he denied that he made money by shorting Tron Coin

Justin.Sun 2025-9-29 19:45 47630人围观 TRX

The appointed time for the charity lunch was approaching, but Buffett was "pigeoned". In the early morning of July 23, Sun Yuchen issued an announcement stating that he was being treated in the hospital due to a sudden kidney stone and had canceled his lu
The appointed time for the charity lunch is approaching, but Buffett has been "released".

In the early morning of July 23, Sun Yuchen issued an announcement stating that he was being treated in the hospital due to a sudden kidney stone and had canceled his lunch meeting with Mr. Buffett for some reason. My current physical condition is stable and I am in the recovery period. I am unable to be interviewed. Please forgive me. After his recent recovery, he will be able to meet the outside world soon. Donations to the GLIDE Foundation have been made and are still valid.

This "upstart in the currency circle born in the 1990s" had previously announced with a high profile that he had successfully purchased Warren Buffett's 20th anniversary charity luncheon for a record-breaking $4,567,888.



1
TRON price fell in response

Delay or cancel?

It is worth noting that just after Justin Sun announced that he had "cancelled the lunch meeting with Mr. Buffett for some reason," his TRON Foundation said that the lunch meeting with Mr. Buffett was postponed, and all parties agreed to determine the time for the lunch meeting later.



Sun Yuchen did not disclose the "rescheduled" time and further details of the subsequent luncheon with Buffett. In this regard, a reporter from International Finance News asked Sun Yuchen for further inquiries, but as of press time, no reply has been received.

Affected by the above news, the price of TRON currency fell.

Huobi data shows that from 6 to 7 a.m. on July 23, the price of TRON plunged 6.92% in one hour.

Since the day Justin Sun officially announced that he had won Buffett's luncheon on June 4, he has become more than just a celebrity in the currency circle, but has ushered in a "highlight moment" of greater magnitude.

His Weibo is a traffic hub that witnesses "highlight moments" - from officially announcing that he won Buffett's luncheon to angrily attacking Wang Sicong and Wang Xiaochuan, Sun Yuchen pushed himself from the currency circle to a larger traffic market through Weibo.



▲Justin Sun's Weibo cover picture is the theme picture of Buffett's charity lunch that was successfully photographed

Previously, Justin Sun had announced four distinguished guests attending the Buffett luncheon on Weibo:

The first is Litecoin founder Charlie Lee (李奇伟);

The second is Jeremy Allaire, co-founder and CEO of Circle invested by Goldman Sachs and CEO of Poloniex;

The third person is Helen Hai, the head of the Binance Charitable Foundation.

The fourth place is eToro founder and CEO Yoni Assia.

On July 22, Sun Yuchen also stated at the time that there was a three-day countdown to the luncheon and more guests would be announced later.

2
“Posting a blog while sick” in response to doubts

Just as the issue of Justin Sun "letting go of Buffett's pigeons" continued to ferment, a screenshot of a suspected chat between Justin Sun and others spread wildly in the circle.

Screenshots of chats posted online show that Justin Sun used the news of Buffett’s cancellation to make money by shorting TRON.





In the screenshot, Sun Yuchen said, "I have emphasized many times that making money is the most important thing. Everyone thinks that Buffett teaches me lessons during lunch, so I will teach Buffett before eating. ”

“This time I gave a class to the entire financial industry, and everyone thought I went to take photos of lunch to attend the class and make money. Wrong, I can make money without eating.

“You want to make money from me, and I want to make money from you, so there is no such thing as a game.

“Since skipping lunch makes more money than eating lunch, does it matter whether you eat or not? ”

Near noon, some media learned that Sun Yuchen was still in the country and pointed out that Sun Yuchen's "Accompany Me" APP was suspected of pornographic transactions.; The Tron project is mainly gambling applications, and domestic users can directly access it.

Faced with various rumors and claims, at noon today, Sun Yuchen once again posted on Weibo "while ill" and gave a simple response to some controversies and questions. He said that the pictures of the conversation posted online were not true and were all photoshopped, and all information should be based on the Weibo account.

Regarding the illegal fund-raising reported online, Sun Yuchen pointed out that this is untrue news. “After the seven ministries and commissions issued regulatory requirements on September 4, 2017, TRON actively cooperated with the regulatory agencies to complete the liquidation work as soon as possible on September 20, which was highly recognized by the regulatory authorities."

Justin Sun also denied the money laundering rumored online. He said that the TRON Foundation is located in Singapore and complies with local laws and regulations in Singapore. The TRON Protocol is a set of decentralized blockchain protocols. It is engaged in the technical research and development of blockchain protocols and does not involve any capital flow. There are no legal currency or cryptocurrency deposit and withdrawal channels. The nature of the business determines that it is only related to technology development.

Regarding the controversial Peiwo APP, Sun Yuchen said that as a platform, we are firmly opposed to the negative energy content generated by some users within the platform. We will cooperate with the regulatory agencies immediately to carry out network clean-up operations, improve the quality of supervision, and support and encourage online audio content with high themes and positive energy.





However, investors don’t seem to buy this response. Huobi data shows that as of press time, the price of TRON was US$0.024842, down 12.75% from the previous day and plummeting nearly 6 points from noon today.



3
"Marketing genius under the halo of traffic"”

Many people in the currency circle who have had contact with Sun Yuchen lamented to the reporter of "International Finance News", "What a marketing talent! ”

In the month and a half since he announced that he had won the luncheon, Sun’s popularity suddenly extended from the currency circle to the financial circle and the media circle, and even made the headlines of social news many times. In the currency circle, a circle where traffic is king, he stands at the top of the “chain of contempt.”

Some media once described him as "Leek Harvest Rally Grand Slam Player", "Jia Yueting in the Coin Circle", "White Paper Repeater", "Air Coin Purifier", "Eastern Porcelain King", "Stud Packaging Factory Director", etc.

On June 27, Sun Yuchen said on Weibo that on July 25, in Jackson Square in San Francisco, I will have lunch with Buffett and seven invited guests at a Michelin three-star restaurant called Quince.

Some currency media once told reporters that they received a statement that the venue for Buffett’s lunch was no longer the Smith & Wollensky restaurant in Manhattan, New York, but was changed to the QUINCE Michelin three-star restaurant in San Francisco at the request of Sun Yuchen. Because Justin Sun feels that San Francisco is where his company is headquartered and where the cryptocurrency community is concentrated, as well as innovative companies such as Google and Facebook, while New York is full of traditional companies.

On July 8, there was news that the luncheon between Sun Yuchen and Buffett would be cancelled. Subsequently, Sun Yuchen immediately refuted the rumor on Weibo and said that "everything is normal and will be held on July 25." At that time, the industry was speculating that Justin Sun would launch another wave of promotional marketing.

Looking through Justin Sun's Weibo, we can also find that in addition to news related to Buffett's luncheon, he will repost and like Weibo for Tron's "200 million yuan USDT early user reward airdrop plan" many times a day.

Since July 12, Sun Yuchen has also become a hot topic for "Xpeng Motors".



On July 10, Xpeng Motors released the 2020 G3 model. Some old car owners believe that the new models have a longer battery life than the old models and are cheaper, and they think they have been "cheated".

Sun Yuchen also expressed his support for Xpeng Motors’ rights protection on Weibo! The Internet and rapid iteration cannot be an excuse to defraud consumers and infringe on their rights! I personally will first put out 10 million yuan as a deposit for legal prosecution! Consumers who are dissatisfied with the compensation plan can sue Xpeng Motors over this. If everything is true, I will personally subsidize 80% of the legal fees until the official provides a satisfactory solution!

And this is not the first time he has been a hot topic. In February this year, enthusiast Zhao Yu was detained for 14 days after rescuing a girl from a criminal suspect. He narrated his experience on Weibo. Sun Yuchen announced on Weibo the next day that he would provide Zhao Yu with a donation of 10 million yuan. This Weibo post has over 60,000 retweets, over 6,000 comments, and over 200,000 likes.

It is understood that the Zhao Yu case was resolved fairly, and Sun Yuchen only donated 100,000 yuan according to the conditions.
Reporter Huang Xi
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