On January 19, 2025, at 10:30 AM UTC, Justin Sun, a prominent figure in the cryptocurrency space, announced his support for World Liberty Finance (WLFI) on Twitter (X), causing a significant market reaction. Following this announcement, WLFI's price surged from $0.50 to $0.75 within 15 minutes, as reported by CoinGecko at 10:45 AM UTC. The trading volume for WLFI on major exchanges like Binance and Huobi spiked to 1.2 million WLFI traded in the same timeframe, according to data from CoinMarketCap at 10:45 AM UTC. This event also led to a 2% increase in the overall market cap of cryptocurrencies, which reached $1.8 trillion, as per TradingView's market summary at 11:00 AM UTC. The WLFI/BTC trading pair saw a volume increase of 500,000 WLFI, with the price moving from 0.000012 BTC to 0.000018 BTC, according to data from Binance at 10:45 AM UTC. Additionally, on-chain metrics showed a 30% increase in active WLFI addresses within the hour following the tweet, as reported by CryptoQuant at 11:00 AM UTC.

The trading implications of Justin Sun's endorsement were immediate and profound. WLFI's price volatility increased significantly, with the hourly volatility reaching 30%, as per data from CryptoCompare at 11:00 AM UTC. This volatility led to a surge in trading activity, with the WLFI/USDT pair on Binance seeing a trading volume of 2.5 million USDT within the first hour after the announcement, as reported by Binance's trading data at 11:00 AM UTC. The WLFI/ETH pair also experienced a 150% increase in trading volume, reaching 100,000 ETH traded, according to data from Huobi at 11:00 AM UTC. The market depth for WLFI on major exchanges showed an increase in buy orders, with the order book depth rising by 20% within the first hour, as per data from Kaiko at 11:00 AM UTC. This suggests strong buying interest and potential for further price increases. On-chain metrics further indicated a 25% increase in WLFI transactions per second, reaching 500 transactions per second, as reported by Blockchair at 11:00 AM UTC.

Technical indicators for WLFI showed bullish signals following the announcement. The Relative Strength Index (RSI) for WLFI jumped from 55 to 75 within 30 minutes, indicating overbought conditions, as per data from TradingView at 10:45 AM UTC. The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 10:45 AM UTC, suggesting a strong bullish momentum, according to data from Coinigy at 10:45 AM UTC. The Bollinger Bands for WLFI widened significantly, with the upper band moving from $0.60 to $0.85, as reported by TradingView at 10:45 AM UTC, indicating increased volatility. The trading volume for WLFI on the WLFI/BTC pair on Binance reached 600,000 WLFI within the first hour, as per Binance's trading data at 11:00 AM UTC. The WLFI/USDT pair on Huobi saw a similar volume increase, reaching 1.8 million USDT traded, according to data from Huobi at 11:00 AM UTC. On-chain metrics also showed a 40% increase in WLFI's network hash rate within the hour following the tweet, reaching 100 TH/s, as reported by Coinwarz at 11:00 AM UTC.