The crypto world has been rocked by a major scandal recently.
Justin Sunsued Jing Tian to reclaim a 30 million yuan bride price. Riding the wave of this relationship controversy, a"Jing Tian Coin"has quietly emerged, spreading like wildfire through crypto communities and being hyped and pumped.
The man pulling all the strings is none other than the infamous"Sun Ge", a name known to everyone in the crypto circle.
Where does the nickname "Sun Ge" come from? What exactly is Bitcoin? And is the viral Jing Tian Coin just another scam tactic?
In 2017, Justin Sun founded the TRON project. Through aggressive marketing and hype, he drove the price of his own TRX token to skyrocket, attracting a flood of retail investors who piled in with the mindset of "getting rich by following the big shot."
But just as the market peaked and retail sentiment was at its most feverish, Sun cashed out at the top, dumping massive amounts of TRX andpocketing as much as $300 million in a single move.
The massive sell-off sent TRX into a cliff-like crash, leaving countless retail investors who had chased the highs with halved principal or total losses—some even drowning in debt and losing everything. Overnight, "Brother Sun" became "Sun Ge," and the saying"When Sun Ge smiles, life or death is uncertain"spread throughout the crypto community.
And that was just the beginning of his harvesting spree. Over the years, Sun has repeatedly replicated the same playbook: launch a new project, hype it up across the internet, pump the price, lure retail investors in, cash out at the top, watch the price crash, and leave retail holders trapped.
What's even more extreme is his knack forleveraging any trending topic to harvest traffic and wealth. Business trends, public controversies, even personal relationship disputes—all become tools for him to hype up tokens and fleece retail investors. This is the core meaning behind the "Sun Ge" moniker:everything can be harvested, every trend can be manipulated.
What exactly is Bitcoin?
In simple terms, Bitcoin is adecentralized virtual cryptocurrencyborn from blockchain technology. It has no backing from any central bank, government, or institution, no physical form, and exists only in the digital realm, relying on algorithmic bookkeeping and circulating across the entire network.
Its core characteristics boil down to just two:complete anonymity and lack of regulation.
And it's precisely these two traits that have turned Bitcoin into a primary tool for speculation, fraud, money laundering, pyramid schemes, and cross-border fund transfers. This is also the fundamental reason why China has completely banned virtual currency trading and speculation.
To put it even more bluntly, Bitcoin's wild price swings aren't driven by market supply and demand—they're tools used by whales, project teams, and manipulators to fleece retail investors. For the average person, entering this space essentially meansbuying at the top and getting harvested.
Given the rampant chaos and extreme risks in the virtual currency space,the central bank and eight other government departments have long made it clear: all virtual currency-related activities are illegal financial activities. Trading, speculation, mining, and conversion are not protected by law, and participation carries the risk of financial loss and legal consequences.
Recently, the relationship dispute between Justin Sun and Jing Tian, along with the 30 million yuan bride price lawsuit, has dominated online headlines. And the ever-opportunistic Sun Ge has once again pulled his familiar move—using top-tier traffic to create a brand-new token and kick off another round of harvesting.
As the viral post "My Girlfriend Jing Tian" spread and the lawsuit gained momentum, the crypto world quickly birthed the"Jing Tian Coin". This token was born entirely out of the celebrity gossip buzz, and its only value lies inriding trends and fleecing retail investors.
The playbook remains as predictable as ever, perfectly exploiting retail investors' speculative psychology:
Step one: Use a celebrity scandal to ignite nationwide traffic and create buzz;
Step two: Quickly launch a token with the same name, leveraging fan effect and gossip hype to create the illusion of a "new coin, get rich early, buy at the bottom";
Step three: Attract trend-following retail investors and curious netizens to blindly jump in;
Step four: Whales and project teams cash out at the top, leaving retail investors completely trapped.
Previously, police in Yancheng, Jiangsu, cracked the country's first major cross-border pyramid scheme using blockchain technology—the PlusToken case.
During the investigation, law enforcementseized 194,775 Bitcoins in a single operation, along with massive amounts of Ethereum, Litecoin, Dogecoin, and other virtual currencies, with the total value of the involved virtual assets exceeding 10 billion yuan.
All the seized virtual currencies were ultimately disposed of and converted to cash in accordance with the law, with all involved funds funneled into the restitution system. This fully underscores a fundamental truth:all virtual currency speculation, pyramid schemes, and gambling will be precisely cracked down on—there is no lawless haven.
From the strict regulatory policies of the eight central departments, to the routine crackdowns by local police on virtual currency trading, mining, and pyramid schemes, to the billion-yuan asset seizure and disposal in Yancheng, the state's stance on virtual currencieshas been unwavering and never relaxed:
Virtual currencies are not investment vehicles—they are vessels for scams; token speculation is not a trend—it's a trap for harvesting.
There has never been a get-rich-quick myth in the crypto world, only endlessly repeating harvesting schemes.Stay away from Bitcoin, stay away from all kinds of air tokens, and stay away from crypto speculation—protecting your principal is the most reliable financial bottom line for the average person.
