Data Review of Chuan Mu's Operations as a "Major Player in Crypto-Related Stocks"
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Data Review of Chuan Mu's Operations as a "Major Player in Crypto-Related Stocks"
Without innate wisdom, one must be good at following, and even better at running.
Navigating Web3 tides with focused insightsAuthor: Wenser, Odaily Planet Daily
As we enter 2025, only two types of KOLs remain active in the crypto market: those who profit or take losses from contract trades during volatile markets, and those who flexibly adapt to ever-changing market trends by jumping on whatever is currently hot. After previously proving his contract trading skills through real-money challenges like the 500U live test, crypto KOL Chuanmu (@xiaomucrypto) has recently drawn significant market attention again with a series of consecutive moves in crypto-related stocks.
Although some voices in the market have questioned whether he "uses his followers as exit liquidity," his publicly shared trading activities in crypto概念股 still offer certain reference value regarding entry timing and exit points. This article by Odaily Planet Daily will briefly analyze three major investment targets—Circle (CRCL), Guotai Junan International, and SBET—that Chuanmu has mentioned and traded in recent months, for readers' reference.
Chuanmu's SBET Trade Review: From Refusing Entry to Profitable Exit
On May 27, Sharplink Gaming officially announced a fundraising round via stock issuance to build an ETH reserve, after which SBET surged over $100. As a sharp-sensed trader, Chuanmu immediately took notice of this stock, embarking on a turbulent trading journey.
A Rollercoaster Ride: From Missing Out to Profiting Over $1 Million
On May 28, Chuanmu posted: "You can't buy this sbet; they’ve issued 69.1 million new shares, and on the 29th their market cap will jump from $30 million to over $3 billion... Many people are being misled." He clearly expressed concern about Sharplink Gaming inflating its market cap through share dilution. However, he soon changed his mind and decisively entered crypto概念股 such as the "ETH version Strategy."
At around 10 PM on June 11, as Sharplink completed its $425 million financing round and began gradually buying ETH, SBET’s stock price started to stabilize. Chuanmu wasted no time, purchasing 10,000 shares of SBET at an average price of ~$39.5. Notably, he also bought 20,000 shares of dfdv at an average price of $27.3 and 20,000 shares of qubt at $19.1; additionally, he sold 15,000 shares of CRCL at an average price of $113.
Chuanmu's purchase record
Just one and a half hours later, he quickly offloaded part of his position: selling 9,000 shares of SBET at an average price of $44.5, making a single-trade profit of $45,540.
Chuanmu's sell record
On June 13, SBET plunged over 60% after hours. An angry Chuanmu posted: "There are really not many good people among crypto project teams—the more purely crypto a project is, the damn dangerous it gets. Sbet dropped 60% after hours. These scumbags doing xx eth micro-strategies. And that NM co-founder of eth pulled in a bunch of crypto institutions to invest. All fucking scum."
On June 17, Chuanmu commented under a blogger’s post, suggesting SBET might involve Dovey Wan (founder of Primitive Capital), and said he dared not touch it anymore.
But soon, as Sharplink continued accumulating ETH and rose to become the public company holding the largest amount of ETH, the market reacted promptly—
On July 9, SBET rebounded to ~$15.35, surging over 21% in 24 hours. Chuanmu posted: "Today I realized something potentially interesting—I was too biased before. Compared to BTC, ETH’s micro-strategy may have better fundraising advantages because staked ETH can pay interest. This enables higher-interest financing without fear of defaulting. Sbet could have massive potential—I was wrong before." He then stated he re-entered SBET at an average price of $15.3; later, he bought another 40,000 shares at an average price of $17.1.
On July 10, he announced selling 50,000 shares at an average price of $18.6, leaving 100,000 shares, and declared: "I plan to hold the rest long-term; if SBET drops, I’ll buy back 50,000 shares." On July 11, he reiterated his bullish view on SBET: "If ETH breaks $3,000, SBET could easily jump to $28."
According to tweets around 1 PM on July 11, Chuanmu held approximately 154,000 shares of SBET, with unrealized gains of ~$232,000. That night, he announced fully exiting SBET at an average price of $21.5. Based on 154,000 shares, this single trade yielded ~$465,000 in profit.
Chuanmu's holding info on July 11
Screenshot of Chuanmu’s second full exit from SBET
However, the continuing price rise confirmed his fears of missing out. On July 14, he bought another 100,000 shares at an average price of $23.8. By July 15, this position had gained ~$100,000 in paper profits. Eventually, he exited this batch at an average price of $25.75, earning ~$195,000 in profit.
Yet again, he faced regret—on July 16, he bought 130,000 shares at ~$28.3. Soon, SBET spiked pre-market on July 17 to nearly $44. While Chuanmu tweeted calling it “insane,” he may have simultaneously started rotating positions—from SBET into BTCS.
Certainly, after Sharplink Gaming announced plans to raise $5 billion to further accumulate ETH, SBET remained one of the market’s focal points. Chuanmu’s latest analysis of SBET came in a tweet on July 20, where he stated: "The most conservative estimate for SBET is that after the $5B issuance, its market cap equals its ETH holdings at a 1:1 ratio (so its share price would be ~$13). A slightly better scenario gives it a 1.5x multiple, meaning it falls to $19.4. Optimistically, give it a 2x multiple, so it falls to $25—then rises again due to continuous ETH buying fueling a flywheel effect."
Thus, based solely on public information, Chuanmu’s conservative estimated profit from SBET alone exceeds $800,000–$1 million.
Chuanmu’s Guotai Junan Trade Review: Bought 4 Million Shares, Made HK$3 Million in 2 Days
On June 24, Guotai Junan International received approval to upgrade its license to offer virtual asset trading services. The next day, Chuanmu made a bold move, executing a textbook-perfect "top-picking" operation. Undoubtedly, in this case, Chuanmu precisely captured the "market sentiment trading rule." Though lacking strong repeatability or systematic value, it remains a worthy trading case study.
Fast In, Fast Out: A Two-Day Hong Kong Stock Trade
On June 25, Chuanmu bought 4 million shares of Guotai Junan International (01788.HK) in two batches, averaging HK$2.45 per share.
Screenshot of Chuanmu’s post
Driven by market sentiment, Guotai Junan International (01788.HK) climbed steadily. At HK$3, Chuanmu sold 3 million shares, keeping 1 million. According to his own posts, this single transaction earned him ~HK$2.5 million.
Screenshot of Chuanmu’s sell record
Notably, as early as June 25, based on the crypto-broker logic, Chuanmu bought 40,000 shares of Robinhood (HOOD) at $84.4. Although the stock fell to ~$82.1 that night, resulting in a small loss, it later surged past $100 amid news of Robinhood launching tokenized stock trading, hitting a new high. It remains unknown whether Chuanmu still held the stock at that point.
Ultimately, according to his own statement, his total profit from Guotai Junan International reached ~HK$3 million.
Chuanmu’s CRCL Trade Review: Six Trades, Over $1 Million Earned
In early June, Circle (CRCL), riding the hype as the "first stablecoin IPO," skyrocketed from ~$30 to nearly $300 within just over ten days. Throughout this period, Chuanmu navigated the U.S. stock market with bold yet careful moves, pocketing millions in profits.
First Trade: Nearly $800,000 Profit
On June 6, Chuanmu bought 30,000 shares of CRCL at an average price of $98, chasing the rally. Then, in the early hours of June 7, he successfully sold 27,000 shares at $119, earning ~$700,000.
Screenshot of Chuanmu’s sell record
Just two hours later, he re-entered at an average price of $113.6, buying back 20,000 shares. On June 9, he sold 18,000 shares at an average price of $118, making ~$80,000 in profit while retaining ~10,000 shares. That day, CRCL surged nearly 30%, climbing to ~$128.
Second Trade: 30,000 Shares, Over $160,000 Profit
On June 9, Chuanmu bought another 30,000 shares of CRCL at an average cost of $111.
On the morning of June 10, he sold 14,000 shares at an average price of $118. In the afternoon, as CRCL broke above $119, he sold another 10,000 shares at $118, leaving ~6,000 shares.
Screenshot of Chuanmu’s second sell transaction
Thus, his cumulative profit from this second trade was ~$168,000.
Third Trade: Nearly $350,000 Profit
At 9 PM on June 10, Chuanmu bought another 30,000 shares at an average price of $108. On June 11, he reduced his position by 15,000 shares at $113, earning ~$75,000 in a single trade.
On June 11, he stated he still held 25,000 shares of CRCL. With the stock trading at $118, his unrealized gains totaled ~$405,000.
Screenshot of Chuanmu’s unrealized profit
On June 16, Chuanmu increased his CRCL holdings back to 30,000 shares, raising his average cost to ~$133.5. At that time, his paper profit was ~$208,000.
Screenshot of Chuanmu’s unrealized profit
That day, he sold 20,000 shares at an average price of $142, earning ~$170,000; the final 10,000 shares were sold at $143.5, netting ~$100,000.
Fourth Trade: ~$90,000 Profit
On June 18, Chuanmu posted again, noting that CRCL’s momentum waves were weakening, reducing his position from 40,000 to 18,000 shares. By then, CRCL had surged from ~$140 to ~$172, giving him ~$70,000 in unrealized gains. That day, he sold all 18,000 shares at an average price of $173, estimating a profit of ~$90,000.
Screenshot of Chuanmu’s sell order
Fifth Trade: Affected by Cathie Wood’s Dump, Lost ~$15,000
On June 25, Chuanmu bought 15,000 shares of CRCL at an average price of $226.5. Shortly after, news emerged that Cathie Wood had sold $100 million worth of Circle stock, prompting Chuanmu to exit at $225.5.
He had hoped to catch a rebound, but due to the "whale dumping" news, he had no choice but to cut losses—a situation painfully familiar to many retail investors.
Screenshot of Chuanmu’s liquidation tweet
Sixth Trade: Another ~$270,000 Profit
On July 15, nearly 20 days later, Chuanmu returned, buying 15,000 shares of CRCL at an average price of $202.
Buy screenshot
The next day, CRCL plummeted to ~$191, and Chuanmu lamented: "Buried alive."
But quickly, CRCL rebounded to $209, bringing Chuanmu back to life. Subsequently, the price surged over 10%, reaching ~$218.
Finally, Chuanmu chose to fully exit his remaining 5,000 shares at $220. This trade generated an estimated cumulative profit of ~$270,000.
In total, across six trades, Chuanmu made approximately $1.65 million from CRCL alone.
Conclusion: No Insight? Then Learn to Follow—and Run
Overall, Chuanmu has demonstrated relatively accurate timing in entering and exiting crypto概念股. For those with basic stock trading knowledge, his moves can serve as a useful reference. As the saying goes: "Without innate insight, learn to follow."
However, there are two issues with such trading-focused KOLs sharing information: First, due to delays in information dissemination or market reaction, fans often end up as their "exit liquidity," especially when trading illiquid assets—caution is advised. Second, these KOLs are often themselves part of the "herd," following big names like Cathie Wood or well-known institutions, sometimes receiving information late, leading to FOMO buying and panic selling. Investors should strengthen their own information filtering and judgment abilities rather than blindly trusting everything.
After all, most of the time, investing is just a game of who runs faster.
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