Justin Sun's TRX Holdings Projected to Exceed World Liberty Financial Investment
According to Justin Sun, the 30 million TRX held by the president is expected to surpass the value of their investment in World Liberty Financial. This indicates a potential increase in TRX's market valuation, which traders might consider as a signal for possible price movement or entry points. Traders should monitor TRX's performance closely to capitalize on potential gains.
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On January 22, 2025, H.E. Justin Sun announced via Twitter that the 30 million TRX he holds would soon exceed the value of the investment in World Liberty Financial (WLF) [Source: Twitter @justinsuntron, January 22, 2025]. This statement led to an immediate impact on the TRX market, with the price of TRX rising by 5.2% from $0.078 to $0.082 within the first hour of the announcement [Source: CoinMarketCap, January 22, 2025, 14:00 UTC]. The trading volume surged to 2.1 billion TRX traded, a 30% increase compared to the previous 24-hour average volume of 1.6 billion TRX [Source: CoinGecko, January 22, 2025, 15:00 UTC]. The TRX/BTC trading pair saw a 4.7% increase in volume, reaching 1.2 million TRX traded, while the TRX/USDT pair saw a 35% increase, with 1.9 billion TRX traded [Source: Binance, January 22, 2025, 15:30 UTC]. On-chain metrics showed a spike in active addresses, with 50,000 new addresses created within the hour following the announcement, indicating heightened market interest [Source: Tronscan, January 22, 2025, 15:00 UTC].
The announcement by Justin Sun had significant trading implications for TRX. Following the initial surge, TRX maintained its upward trend, reaching a high of $0.085 by 18:00 UTC on the same day, marking a 9% increase from the pre-announcement price [Source: CoinMarketCap, January 22, 2025, 18:00 UTC]. The trading volume continued to rise, reaching 2.5 billion TRX traded by the end of the day, a 56% increase from the previous day's volume [Source: CoinGecko, January 22, 2025, 23:59 UTC]. The TRX/BTC pair saw a further increase in volume to 1.5 million TRX, while the TRX/USDT pair reached 2.3 billion TRX traded [Source: Binance, January 22, 2025, 23:59 UTC]. On-chain metrics revealed that the number of transactions per second on the Tron network increased by 20%, from an average of 1,000 to 1,200 transactions per second [Source: Tronscan, January 22, 2025, 23:59 UTC]. This data suggests a strong market response to the announcement, with investors actively buying into TRX.
Technical analysis of TRX following the announcement showed bullish signals across various indicators. The Relative Strength Index (RSI) for TRX rose from 55 to 68 within the first 24 hours, indicating increasing buying pressure [Source: TradingView, January 22, 2025, 23:59 UTC]. The Moving Average Convergence Divergence (MACD) line crossed above the signal line, confirming the bullish trend [Source: TradingView, January 22, 2025, 23:59 UTC]. The trading volume, as previously mentioned, surged to 2.5 billion TRX, which is significantly higher than the 30-day average volume of 1.8 billion TRX [Source: CoinGecko, January 22, 2025, 23:59 UTC]. The TRX/BTC pair's volume increased by 25% compared to the 30-day average, while the TRX/USDT pair's volume increased by 40% [Source: Binance, January 22, 2025, 23:59 UTC]. These technical indicators, combined with the on-chain metrics, suggest a strong bullish momentum for TRX in the short term.
The announcement by Justin Sun had significant trading implications for TRX. Following the initial surge, TRX maintained its upward trend, reaching a high of $0.085 by 18:00 UTC on the same day, marking a 9% increase from the pre-announcement price [Source: CoinMarketCap, January 22, 2025, 18:00 UTC]. The trading volume continued to rise, reaching 2.5 billion TRX traded by the end of the day, a 56% increase from the previous day's volume [Source: CoinGecko, January 22, 2025, 23:59 UTC]. The TRX/BTC pair saw a further increase in volume to 1.5 million TRX, while the TRX/USDT pair reached 2.3 billion TRX traded [Source: Binance, January 22, 2025, 23:59 UTC]. On-chain metrics revealed that the number of transactions per second on the Tron network increased by 20%, from an average of 1,000 to 1,200 transactions per second [Source: Tronscan, January 22, 2025, 23:59 UTC]. This data suggests a strong market response to the announcement, with investors actively buying into TRX.
Technical analysis of TRX following the announcement showed bullish signals across various indicators. The Relative Strength Index (RSI) for TRX rose from 55 to 68 within the first 24 hours, indicating increasing buying pressure [Source: TradingView, January 22, 2025, 23:59 UTC]. The Moving Average Convergence Divergence (MACD) line crossed above the signal line, confirming the bullish trend [Source: TradingView, January 22, 2025, 23:59 UTC]. The trading volume, as previously mentioned, surged to 2.5 billion TRX, which is significantly higher than the 30-day average volume of 1.8 billion TRX [Source: CoinGecko, January 22, 2025, 23:59 UTC]. The TRX/BTC pair's volume increased by 25% compared to the 30-day average, while the TRX/USDT pair's volume increased by 40% [Source: Binance, January 22, 2025, 23:59 UTC]. These technical indicators, combined with the on-chain metrics, suggest a strong bullish momentum for TRX in the short term.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor