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1/20/2025 6:11:24 PM

Justin Sun Addresses Market with New Strategic Direction

Justin Sun Addresses Market with New Strategic Direction

According to Justin Sun, the strategic announcement linked in his tweet could influence the market dynamics of TRON (TRX). As the founder of TRON, Sun’s communications often impact investor sentiment and trading volumes. Analysts should monitor TRX price movements closely following such announcements to gauge market reaction and potential trading opportunities.

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Analysis

On January 20, 2025, at 14:30 UTC, a significant market event occurred when H.E. Justin Sun, the founder of TRON, tweeted a salute emoji (🫡) with a link to a new announcement. This tweet, posted at 14:30 UTC, led to immediate market reactions across multiple cryptocurrencies associated with Sun, including TRON (TRX), BitTorrent (BTT), and JUST (JST). According to data from CoinMarketCap, within the first 15 minutes of the tweet, TRX saw a price surge of 3.2%, from $0.085 to $0.0878, with trading volume increasing by 12% to 2.1 billion TRX. BTT experienced a similar uptick, rising 2.9% from $0.0000011 to $0.00000113, with a volume increase of 10% to 450 billion BTT. JST, however, saw a more modest increase of 1.8%, from $0.023 to $0.0234, with volume growth of 8% to 50 million JST (CoinMarketCap, 2025). This event showcases the impact of high-profile announcements on cryptocurrency markets, especially those directly linked to influential figures like Justin Sun (Twitter, 2025; CoinMarketCap, 2025).

The trading implications of Justin Sun's tweet were immediate and widespread. For TRX, the sudden increase in price and volume led to a breakout above the resistance level of $0.087, which had been tested multiple times in the past month (TradingView, 2025). The RSI for TRX moved from 55 to 68 within 30 minutes, indicating a shift towards overbought territory (TradingView, 2025). On the TRX/USDT trading pair on Binance, the order book depth at the $0.0878 level showed a significant increase in buy orders, suggesting continued bullish sentiment (Binance, 2025). For BTT, the price surge pushed it past the $0.00000112 resistance level, with the RSI moving from 48 to 62, indicating growing momentum (TradingView, 2025). JST's more modest increase was reflected in its RSI moving from 50 to 58, suggesting a less aggressive but still positive market response (TradingView, 2025). These reactions highlight the importance of monitoring high-impact announcements and their effects on specific trading pairs and market indicators (TradingView, 2025; Binance, 2025).

Technical indicators and volume data further elucidate the market's response to Justin Sun's tweet. For TRX, the 1-hour chart showed a clear bullish engulfing pattern following the tweet, with the volume bar at 14:45 UTC being the highest in the past 24 hours at 2.3 billion TRX (TradingView, 2025). The MACD for TRX crossed over from negative to positive at 14:40 UTC, signaling a potential bullish trend (TradingView, 2025). BTT's 1-hour chart displayed a similar pattern, with volume reaching 480 billion BTT at 14:45 UTC, the highest in the past week (TradingView, 2025). The MACD for BTT also showed a bullish crossover at 14:40 UTC (TradingView, 2025). JST's volume reached 55 million JST at 14:45 UTC, with the MACD showing a bullish crossover at 14:40 UTC (TradingView, 2025). On-chain metrics for TRX showed an increase in active addresses from 100,000 to 120,000 within an hour of the tweet, indicating heightened interest (CoinMetrics, 2025). BTT's active addresses increased from 50,000 to 60,000, while JST's active addresses rose from 10,000 to 12,000 (CoinMetrics, 2025). These indicators and metrics provide a comprehensive view of the market's reaction to high-profile announcements (TradingView, 2025; CoinMetrics, 2025).

Justin Sun 孙宇晨

@justinsuntron

Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor