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Eight years ago, Sun Yuchen said in a speech: "My standard for measuring a person is how much money they make."
This statement has been verified countless times since—this post-90s entrepreneur has demonstrated with concrete actions what it means to "say what you do and do what you say."
Starting with the "陪我App" in 2014, Sun Yuchen has been like a business chess player, precisely making moves at every critical moment.
What is his latest move? Acquiring U.S. publicly traded company SRM Entertainment for $100 million, and through a reverse merger, bringing TRON (TRX) onto the NASDAQ.
The 35-year-old Sun Yuchen is now the head of a publicly listed company.
He also holds stakes in seven or eight well-known enterprises and projects.
How did this business empire come together step by step?
The story begins in 2013.
At that time, Sun Yuchen was part of Ripple’s China team, accumulating his first pot of gold and industry connections.
In 2017, he abandoned his social app, gathered a few Peking University classmates, and, backed by capital, launched the TRON startup journey.
During the ICO, they successfully raised about $400 million, but soon faced suppression under the "9.4" policy, and the early team was nearly wiped out.
Sun Yuchen admitted, "My six years of entrepreneurship, the first three years were almost all wasted."
The turning point came in April 2019—Tether decided to issue the TRC-20 version of USDT on the TRON network.
This move almost laid the foundation for TRON’s entire market capitalization today.
Currently, over 98% of USDT transfers occur on the TRON network, with daily on-chain revenue exceeding $2.1 million, and annualized income reaching $770 million.
TRON’s circulating market value has reached $30.56 billion, ranking among the top mainstream public chains worldwide.
But Sun Yuchen’s ambitions go far beyond a single blockchain.
In 2018, he acquired the defunct download tool BitTorrent for $140 million.
This was not just sentimentality; he truly aimed to blockchain-ize the entire BitTorrent protocol.
The subsequent BTT token, although about 78% below its all-time high, still maintains a market cap of $319 million in today’s market.
In terms of trading platforms, Sun Yuchen has two trump cards.
In June 2022, he jointly acquired the veteran trading platform Poloniex with multiple investment institutions, rebranding it as "TRON Trading Platform."
In October of the same year, he bought a 1 billion USD stake in a major exchange, becoming its actual controller.
This exchange remains in the top 10 globally, with a daily trading volume of $2.4 billion.
Stablecoins and cross-chain assets are another key part of his layout.
USDD is his personally led decentralized stablecoin, with a circulation market cap now at $1.53 billion.
Regarding TUSD, although not officially his asset, multiple pieces of evidence strongly suggest his shadow control.
In early 2025, Sun Yuchen personally invested over $400 million to stabilize TUSD, which now has a market cap of $494 million.
As for WBTC (Wrapped Bitcoin), a heavyweight in TRON’s stablecoin architecture, its market cap has reached $8.65 billion.
In the content ecosystem, Sun Yuchen also created DLive— a decentralized live streaming platform built on TRON.
It once attracted top overseas streamers like PewDiePie, becoming the most trafficked content portal within the TRON ecosystem.
As an avid art collector, Sun Yuchen established the APENFT Foundation and a corresponding NFT trading platform.
He bought masterpieces by Picasso, Andy Warhol, and even paid $6.2 million for a "banana."
The APENFT Marketplace token $NFT currently has a market cap of $327 million.
These seemingly disparate projects actually form a tightly interconnected network—public chain, trading platform, stablecoins, NFTs, cross-chain assets—each linked together.
The core assets he holds are now valued at over $43 billion.
But what’s truly noteworthy is Sun Yuchen’s new relationship with U.S. politics.
The 2024 election is a turning point for him.
He has long believed in Trump’s pro-cryptocurrency stance and invested $75 million into the World Liberty Financial project, becoming a core advisor.
He also bought large amounts of Trump coins, becoming one of the largest holders, and even became a focal point at Trump’s dinners.
Sun Yuchen once said, "I am a bridge between the crypto industry and the President, and perhaps a bridge for future U.S.-China communication."
For an entrepreneur, beyond the numbers in the account, what matters most is freedom.
Compared to others paying hefty fines for freedom, Sun Yuchen’s cost is minimal.
Now he can return to the U.S., visit multiple companies, and this "troublemaker" once investigated by the U.S. is rewriting his story with capital and connections.